US new unemployment claims have reached a six-month high as the labour market cools, the Bank of England raised interest rates by 0.5 percentage points, and European banks are adjusting to higher interest rates.

Mentioned in this podcast:

US jobless claims hit six-month high as labour demand cools

Bank of England raises interest rates by 0.5 percentage points

Europe’s lenders prepare for life outside negative territory

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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