Chancellor's Advisers Warn Of Rate Hike Risks And Fed Drops Recession Forecast

Bloomberg Daybreak: Europe Edition
27/07/2023 14 min
Chancellor's Advisers Warn Of Rate Hike Risks And Fed Drops Recession Forecast

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Episode Synopsis

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) SCOOP: Jeremy Hunt's economic advisers worry the Bank of England risks hiking too far. (2) The Fed raises rates to the highest level in 22 years, and no longer forecasts a recession. (3) BNP Paribas, Barclays, and Shell are among the big names reporting results today. (4) Britain's Met Office say 40 degree Celsius summers could become the norm by 2060. See omnystudio.com/listener for privacy information.

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