Effects of Monetary Policy on the Economy

On today's podcast:

(1) President Biden appealed directly to Americans to support funding for Israel and Ukraine's war efforts, warning that Hamas and Russia pose parallel threats to democracy.

(2) UK Prime Minister Rishi Sunak will travel to Egypt today as he urges leaders in the Middle East to avoid an escalation of the Israel-Hamas conflict.

(3) Jerome Powell has signaled a November hike is unlikely while leaving the door open for more rate increases.

(4) Labour has overturned huge conservative majorities to win two parliamentary seats.

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