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Federal Reserve officials expect to raise interest rates three times next year, and investors are piling into inflation-linked assets in a bet that consumer prices will continue to soar. Plus, the FT’s law courts correspondent, Jane Croft, tells the tale of a money laundering conviction that started with garbage bags stuffed with cash. 

Fed officials expect three rate rises next year in hawkish pivot on inflation

Investors pour billions of dollars into inflation-linked assets - with Kate Duguid

NatWest fined £265m for money laundering failures - with Jane Croft

M&S sues discounter Aldi over ‘copycat’ Christmas gin

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 

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