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Apr 10, 2024

Interest rates are not coming down any time soon

That’s the conclusion of many investors this morning, following the release of the consumer price index.

Connections to Putin not enough to justify frozen assets
by Nova Safo
A European Union court has ruled that two influential Russian businessmen were wrongly sanctioned in the wake of Russia’s invasion of Ukraine. The billionaire oligarchs are linked to Russia’s biggest private bank and to the country’s leader Vladimir Putin.
Inflation moved up 3.5% in a year, per the CPI
by David Brancaccio
The stock and bond markets were knocked for a loop this morning after consumer inflation came in slightly higher than expected. We’ll unpack the latest consumer price index report with, Susan Schmidt, head of public equity at the State of Wisconsin Investment Board.
More immigration means gains for U.S. economy, CBO says
by David Brancaccio, Chris Farrell and Alex Schroeder
Robert Nickelsberg/Getty Images
The agency’s estimates that immigrants will add $7 trillion to gross domestic product over the next decade.