Fed hints at less aggressive rate hikes

Federal Reserve Chair Jay Powell signaled the central bank will begin slowing the pace of interest rate hikes, French President Emanuel Emmanuel Macron is meeting with U.S. President Joe Biden today, and euro zone inflation has finally slowed. We also get the latest information on the fallout from the FTX crypto collapse.

Mentioned in this podcast:

Jay Powell signals the Fed will slow the pace of rate hikes next month

Emmanuel Macron uses the US visit to highlight the economic burden on the EU caused by the Ukraine war

Eurozone inflation falls more than expected to 10%

Crypto lender BlockFi files for Chapter 11 bankruptcy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help from 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