The Fed's Preference to a Constant Foot on the Gas With Interest Rates

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The Bank of Canada was forced to restart its series of rate hikes. They were on a pause for a little bit too. And that's the kind of thread running through this is that, you know, inflation came out of COVID and that came out of Russia's full-scale invasion of Ukraine. No, this is something that's going to air them flow. There are going to be peaks and troughs and central banks have one job. Their job is to get this thing down to 2%. So they're just going to have to keep going.

UK hedge fund firm Odey Asset Management is being dismantled in the wake of sexual misconduct allegations against its founder and Saudi Arabia has spent almost $8bn on gaming companies in the past 18 months as part of a turbocharged investment spree. Plus, FT markets editor Katie Martin talks about this week’s asynchronous central bank moves.

Mentioned in this podcast:

ECB increases interest rates to highest level since 2001

Chinese economic data fuels gloom over recovery

Saudi Arabia spends billions in drive to dominate global games industry

Odey Asset Management to be broken up

Unhedged podcast: https://link.chtbl.com/Unhedged

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

Hosted on Acast. See acast.com/privacy for more information.