iransanctions

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:

(1) Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.

(2) Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are diverging.

(3) UK Chancellor of the Exchequer Jeremy Hunt said the prospect of interest rate cuts later this year would lift the mood of voters, hinting that Prime Minister Rishi Sunak won't call a general election until the fall.

(4) The US will impose new sanctions on Iran targeting the country's missile and drone program following its weekend attack on Israel that threatened to push the Middle East into a wider conflict.

(5) Jamie Dimon has told Bloomberg that AI will transform banking -- but it will also lead to job losses. 

See omnystudio.com/listener for privacy information.

Iran carries out a direct attack on Israeli soil, Biden pressures Israel not to respond militarily, and Israel reportedly plans for action– despite Biden’s request. Get the facts first with Morning Wire.

Balance of Nature: "Get 35% off Your Order of Fruits & Veggies + $10 Off Every Additional Set. Use promo code WIRE at checkout: https://www.balanceofnature.com/"

NetSuite: Take advantage of no payments and no interest for six months at Http://www.NetSuite.com/MORNINGWIRE

Biden authorizes 10 billion dollars to be released to Iran, President Joe Biden meets with his Chinese counterpart, and Spain erupts in protests. Get the facts first with Morning Wire.

Black Rifle Coffee: Get 10% off your Coffee Club subscription!
BlackRifleCoffee.com promo code ‘WIRE’

Balance of Nature: Start your journey to better health! For a limited time, get 35% off your first order as a preferred customer. Use promo code WIRE at checkout: https://www.balanceofnature.com/

This is not the first time the Islamic Republic has taken foreigners hostage. It’s proven an effective bargaining chip for decades and this time around, it has earned the state billions of dollars in unfrozen assets. Also, should you go for a forever-fixed mortgage if you can (09:36)? And what an American chain restaurant says about the importance of cross-class mixing (15:15).

Sign up for Economist Podcasts+ now and get 50% off your subscription with our limited time offer. You will not be charged until Economist Podcasts+ launches.

Visit http://www.economist.com/podcastsplus-intelligence to join.

If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.

For more information about Economist Podcasts+, including how to get access, please visit our FAQs page.

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