Fed Rate Peak, Explosions in Iran & England's Council Crisis

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve policymakers agreed last month that it would be appropriate to maintain a restrictive stance “for some time,” while acknowledging they were probably at the peak rate and would begin cutting in 2024. (2) Iran said attacks that killed almost 100 people in the central part of the country were carried out to punish its stance against Israel, the latest sign that the war between the Jewish state and Hamas risks widening into a broader regional conflict. (3) The glitzy Victoria Square development, boasting two skyscrapers and a new Hilton Hotel, was to be a new landmark for the London commuter town of Woking. Instead, it stands as a monument to how financial bets by local councils can go badly wrong. (4) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release. (5) UK businesses are keeping their investment plans on ice because of high debt-servicing costs and a stagnant economy, according to the British Chamber of Commerce. See omnystudio.com/listener for privacy information.