The Fed's Soft Landing

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Stock markets around the globe popped up yesterday on news of russia and ukraine making progress on a tentative ae plan. Asian markets in particular, were boosted by remarks from china's top economic official. This comes after sharp stock sell offs in china and hong kong earlier this week.

The Federal Reserve has lifted its benchmark interest rate by a quarter of a percentage point, Europe’s largest energy traders have called on central banks for help to avert a cash crunch, and the FT’s Tom Mitchell discusses the rising cost of Beijing’s loyalty to Moscow.

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Mentioned in this podcast:

Fed announces first rate rise since 2018 amid surging inflation

China makes rare intervention to bolster confidence after market rout

The rising cost of China’s friendship with Russia

Energy traders call for ‘emergency’ central bank intervention

War in Ukraine: free to read

Twitter Space: China’s involvement in the war in Ukraine

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber 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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