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FT News Briefing: Federal Reserve hints it might take a pause on raising interest rates. UK voters head to the polls for local elections, and we'll tell you why they matter. Plus, two drones attacked the Kremlin yesterday; Russia says Ukraine did it.

The US Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Russia accused Ukraine of attempting to assassinate President Vladimir Putin in a late-night drone attack on the Kremlin, and local elections in the UK are a major test for the largest two parties as they prepare for a general election next year.

Mentioned in this podcast:

Fed implements quarter-point rate rise and signals potential pause

Russia accuses Ukraine of attempting to assassinate Vladimir Putin

Sunak and Starmer go head to head in battle for local council seats

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, 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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