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FTEdit is an app for your iPhone and iPad that gives you access to eight of the FT's best stories handpicked every weekday. You can try FTEdit today completely free for 30 days with no obligation. The Federal Reserve raised interest rates by a quarter of a percentage point yesterday. Central bankers did consider pausing rate hikes because of the turmoil in the banking sector.

The US Federal Reserve pressed ahead with its monetary tightening campaign despite the recent turmoil in the banking sector and the FT’s Andrew Jack explains why the FT updated the criteria for its MBA rankings. Plus, UK inflation was unexpectedly high last month.

Mentioned in this podcast:

Fed presses ahead with quarter-point rate rise despite banking turmoil

FT business school rankings

Global MBA Ranking 2023: change at the top

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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