FT News Briefing

Fed lays out rate cut plans

The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch’ on AI models.   Mentioned in this podcast:<a href="https://on.ft.com/4aZxExd" rel="noopener noreferrer" target="_blank">Fed officials signal just one interest rate cut before end of 2024</a><a href="https://on.ft.com/3yZiuea" rel="noopener noreferrer" target="_blank">Silicon Valley in uproar over Californian AI safety bill</a><a href="https://on.ft.com/4c9Dyx6" rel="noopener noreferrer" target="_blank">US inflation falls to 3.3% in May in boost to markets</a><a href="https://on.ft.com/3KHIhtU" rel="noopener noreferrer" target="_blank">Terraform Labs to pay $4.5bn in SEC fraud case</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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. <a href="https://www.ft.com/content/ccf40d5e-1bf2-4176-8141-230791f4f681" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.