Fed Cements Pivot, Zuckerberg Says Sorry & Italian Debt's Retail Buyers

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) The Federal Reserve held interest rates steady for a fourth straight meeting and signaled an openness to cutting them, though Fed Chair Jerome Powell threw cold water on investors' hopes that reductions would begin in March. (2) The Bank of England is likely on Thursday to deliver a brighter outlook for the UK economy, reducing its forecast for inflation this year and potentially opening the way to interest-rate reductions that could boost growth. (3) Deutsche Bank has raised its mid-term revenue target. Planned cost savings the Frankfurt-based bank had previously announced will result in the reduction of some 3,500 jobs, mostly in the back office, Deutsche Bank also said. (4) In an unscripted scene during tense testimony Meta CEO Mark Zuckerberg stood before a packed Senate hearing room and apologized directly to the families of children who were victims of sexual exploitation on social media platforms. (5) Prime Minister Giorgia Meloni is increasingly counting on the same people who propelled her to power to keep Italy solvent: its citizens. See omnystudio.com/listener for privacy information.