American economic policy and global implications

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This chapter provides insights into the ambitious industrial policy and clean energy measures implemented by the Biden administration, discussing the global implications and potential impact on the 2024 election and broader American economic policy.

Federal Reserve officials on Wednesday signalled support for another rate rise this year and fewer cuts in 2024, share buybacks on the US stock market have dropped to the slowest pace since the early part of the Covid-19 pandemic, and the FT’s Gideon Rachman talks about his new three-part podcast series on Bidenomics.

Mentioned in this podcast:

Federal Reserve signals fresh rate rise this year and fewer cuts in 2024

Two-year Treasury yield hits highest point since 2006 after Fed decision

Companies ease off on share buybacks as rising interest rates push up costs

The Rachman Review podcast: Bidenomics

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, 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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