Jerome Powell triggers market bets on a September rate cut

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• 00:34

  Good morning from the Financial Times.

• 00:36

  Today is Monday, August 25th, and this is your FT News Briefing.

• 00:41

  An interest rate cut may be coming to the US as soon as September,

• 00:45

  and defence companies are exploring new ways to secure European airspace.

• 00:50

  Plus, Spanish bank Santander is joining the latest SPAC boom.

• 00:56

  The real lucrative side of this stuff for them will be on the back end

• 00:59

  if they're able to help these SPACs find a successful merger target.

• 01:04

  I'm Josh Gabbard-Dwyan, and here's the news you need to start your day.

• 01:16

  U.S.

• 01:17

  Federal Reserve Chair Jay Powell seems like he's ready to make a big change.

• 01:21

  At the Jackson Hole Economic Symposium in Wyoming on Friday,

• 01:25

  Powell signaled he was open to the idea of lowering interest rates.

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