The Fed cuts US economic outlook

The Federal Reserve cut its outlook for the US economy on Wednesday, and in the UK, inflation remains higher than ideal. Plus, Big Tech companies are lobbying for a decade-long ban on AI regulations, and the Israel-Iran conflict has hit the global supply chain. Mentioned in this podcast:UK inflation was 3.4% in MayFederal Reserve cuts outlook for US economy but holds interest rates steadyBig Tech pushes for 10-year ban on US states regulating AIInsurers lift prices 60% for key Iran route as conflict threatens shippingToday’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.