Inflation, inflation, inflation
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Investors sold off tech stocks, and Republican lawmakers cite price increases to argue against higher US debt limit
Read a transcript of this episode on FT.com
The government bond sell-off that began last week on the prospect of higher interest rates ricocheted into the $51tn US stock market on Tuesday, weighing heavily on technology stocks, and Treasury secretary Janet Yellen warned that the US risks running out of money by October 18. Plus, the FT’s Ryan McMorrow chats about China’s latest crackdown on cryptocurrency trading and whether exchanges are cooperating.
Janet Yellen warns US risks running out of money by October 18
US stocks suffer biggest loss since May as bond sell-off hits tech sector
Oil prices rise above $80 a barrel for first time in three years
Cryptocurrency exchanges start cutting off Chinese users
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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