FT News Briefing How Hindenburg shorted Adani
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Mar 8, 2023 Jay Powell warns Congress about potential interest rate hikes to combat inflation, hinting at possible financial turbulence ahead. The podcast dives into Hindenburg Research's controversial short-selling strategy against the Adani Group, revealing the complexities and challenges in the Indian market. Additionally, it highlights the stagnation of the gender pay gap in the U.S., emphasizing the need for legislative changes and increased representation to close this disparity. Corporate accountability is also scrutinized in the context of short-selling practices.
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Potential Interest Rate Hike
- Jay Powell warned lawmakers that the Fed may increase interest rates more than anticipated to combat persistent inflation.
- Markets reacted negatively, with the S&P 500 dropping and treasury yields rising.
Faster Tightening
- The Fed is considering a larger interest rate increase than previously signaled, potentially raising rates by half a point.
- This decision depends on upcoming jobs and inflation reports.
Gender Pay Gap Stagnation
- The gender pay gap in the US remains stagnant, with women earning 82% of what men earned last year.
- Experts suggest legislative action for transparency and quotas in top positions to address the issue.