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The Fed reduces us economic prospects

The Federal Reserve reduced its prospects for the US economy on Wednesday, and within the UK, inflation stays higher than ideal. Big Tech firms are also committed to a many years of AI regulations, and the Israel-Iran conflict has reached the worldwide supply chain.

Mentioned on this podcast:

British inflation was 3.4% in May

The Federal Reserve has prospects for the US economy, but keeps rates of interest steadily

Big Tech urges a 10-year ban on the US states that regulates AI

Insurers raise the costs for the necessary Iran route 60%, since conflicts threatens shipping

Today's FT news information was produced by Sonja Hutson, Kasia Broussialian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-director of Audio is Topher Forhecz. Our intern is Michaela Seah. The show's title song is from Metaphher Music.

Read a transcript of this episode on ft.com

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