The Fed's Decision on Interest Rates

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Economist Colby Smith says the data shows a more worrisome picture of price pressures. Prices in these categories rose by 5.6% year over year, after another 0.4% monthly jump. The amount of money developing countries are spending to repay what they've borrowed from foreign lenders has risen to its highest level in 25 years. A lot of them have already defaulted on their external debt.

Donald Trump is suing his former lawyer Michael Cohen, an uptick in core prices in the US is keeping pressure on the Federal Reserve to push ahead with another interest rate rise in May, and a study shows 91 of the poorest countries will spend an average of more than 16 per cent of their revenue on foreign debt repayments.

Mentioned in this podcast:

Donald Trump sues former lawyer Michael Cohen for $500mn

Inflation eased to the lowest level in nearly two years in March

Poorest countries’ finances under pressure from higher rates

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.

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