Jay Powell signalled a monetary policy shift during a high-profile Jackson Hole speech last week, and European investors are pouring money into new air defence technology. Plus, Spanish bank Santander is seeking to become a big player in Wall Street’s Spac market.

Mentioned in this podcast:

Jay Powell paves the way for Federal Reserve interest rate cut in September

Wall Street’s September Fed rate cut bets still hinge on economic data

Venture capital steps up ‘Iron Dome’ air defence investments

Santander signals Wall St ambition with Spac mandates

Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, and Sonja Hutson. Additional help from Alex Higgins, Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Jerome Powell triggers market bets on a September rate cut

FT News Briefing