US inflation is still on the right track
FT News Briefing
Fri, August 11, 2023
Podchat Summary

Progress in Negotiations Between U.S. and Iran: American Prisoners Transferred to House Arrest

In a positive development, Iran has transferred five U.S. citizens from prison to house arrest, indicating progress in the ongoing negotiations between the United States and Iran. These negotiations aim to secure the release of American prisoners and unfreeze Iranian oil revenue in South Korea.

U.S. Inflation Sees Slight Rise, but Overall Progress Made

The United States has experienced a slight increase in inflation, with prices rising by 3.2% in July compared to 3% in June. However, despite this uptick, overall progress has been made in controlling inflation. As a result, investors believe that the Federal Reserve will not increase interest rates in September.

Mexico's Military Gains Influence Under President Lopez Obrador

Under the leadership of President Andres Manuel Lopez Obrador, Mexico's military has gained significant influence. Military spending has increased, and the military has taken on various roles in the country's infrastructure and economy. While this has raised concerns about corruption, transparency, and increased violence, it has also sparked worry among the political class, opposition groups, and human rights activists. They fear the challenges of rolling back the military's influence once Lopez Obrador leaves office.

FT Weekend Festival: A Must-Attend Event in London

The highly anticipated FT Weekend Festival is set to take place on September 2nd in London. This event will feature renowned speakers such as Michael Gove, Jesse Armstrong, and Rachel Reeves. As a special offer for listeners of the FT News Briefing, a promo code can be used to claim a discount for this exciting festival.

Original Show Notes

Iran has transferred five US citizens from prison to house arrest, US headline inflation in July rose slightly from June, and in Mexico the influence of the military has grown dramatically. 

Mentioned in this podcast:

Iran transfers five imprisoned Americans to house arrest

US inflation edges up to 3.2% in July

The militarisation of Mexico’s economy

FT Weekend festival promo code: FTPodcast

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

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