Fed Rate Cut Bets Shrink, Trump Weighs Second Debate & The UK's Prison Problem

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The bond market has ended its long flirtation with the Federal Reserve cutting interest rates by half a point this month as resilient inflation and labor market data reinforce a measured course of action. (2) The European Central Bank is set to lower interest rates again, but will remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated. (3) Donald Trump said he is not inclined to have another debate with Kamala Harris after initially suggesting several additional matchups to supplement Tuesday’s forum. (4) At least three top investment bankers from different securities firms have been detained by Chinese authorities since August, sending a chill through the industry. (5) The early release of thousands of prisoners is a calculated move by the new government to relieve pressure on an aging system. Will it pay-off? See omnystudio.com/listener for privacy information.