Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Bundesbank President Joachim Nagel tells Bloomberg a September ECB hike is not off the table.

(2) Surging inflation set to force the Bank of England into a 12th straight rate rise.

(3) President Biden and Janet Yellen warn of a global catastrophe if America defaults.

(4) Cooling US inflation adds to the case for the Fed to stop hiking