Is the Fed's Inflation Rate Still Climbing?

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This comes after two interest rate hikes from the federal reserve already this year. Why is the inflation rate still climbing? Fed officials or economists will tell you. The big open question is whether that pace will be maintained, colby smith says.

US consumer prices are set to have registered another large monthly advance, the European Central Bank has paved the way for a series of rate rises, and China is offering coronavirus vaccine insurance in an effort to win over sceptics and boost the vaccination rate.

Mentioned in this podcast:

ECB plans quarter-percentage point rate rise in July as ultra-loose policy ends

China offers Covid vaccine insurance to win over jab sceptics

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. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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