Fed Signals One Cut & Labour’s Private Equity Tax Hike

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve officials have dialed back their expectations for interest-rate cuts this year, though Chair Jerome Powell kept the door open for more as he emphasized the new forecasts represented a conservative approach. (2) G7 leaders are set to reach a political agreement to provide Ukraine with $50 billion of aid using the profits generated by frozen Russian sovereign assets, according to an Elysee official. (3) Labour is expected to reiterate its promise to target carried interest in its election policy pledges when the party announces its election manifesto today. (4) French President Emmanuel Macron said he won't resign if his party suffers a poor result in a snap parliamentary election as he appealed to voters not to succumb to the "fever of the extremists." (5) Fired SpaceX engineers have filed a lawsuit against Elon Musk for sexual harassment and retaliation in California state court, escalating their multifront legal battle with the billionaire chief executive and his aerospace company. SpaceX and Elon Musk did not immediately respond to requests for comment on the lawsuit. See omnystudio.com/listener for privacy information.