Hike or hold: Investors split ahead of Fed decision

Investors raised their bets the Federal Reserve will raise rates on Wednesday after this month’s jump in oil prices. And, firefighting efforts were boosted in France and Spain as “violent” wildfires raged. Plus, developing nations make plans for the next energy shock, and US artificial intelligence companies spend record amounts on lobbying.

Mentioned in this podcast:

Investors crank up bets on Federal Reserve rate rise after oil surge

‘Violent’ wildfires rage close to French and Spanish cities

India and South Africa lead push to amass emergency fuel stockpiles

AI companies spend record sums on Washington lobbying

The new premium product: books written by people

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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

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