Fed and BoJ expect rate hikes as US bond market flails

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries transited it, and the FT’s Zehra Munir explains how protesters cancelled a data centre project in Virginia. Mentioned in this podcast:Warsh and Trump on collision course as investors expect Fed to raise ratesScott Bessent fails to break ‘fever’ in US bond marketRussia strikes Ukrainian train line moments after foreign dignitaries passThe civil war in Data Centre AlleySubscribe to the FT: ft.com/briefingsaleWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.