Interest rates are not coming down any time soon
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 10 April 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
That’s the conclusion of many investors this morning, following the release of the consumer price index. Consumer inflation clocked in at 3.5% annually, while central bankers are looking for a figure closer to 2%. We’ll talk through the data. Plus, a European court ruled that two Russian oligarchs were wrongly sanctioned following Russia’a invasion of Ukraine. And the Congressional Budget Office found that immigration means gains for U.S. economy.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Inflation, it's hanging on. |
| 0:04.0 | I'm David Brancaccio. |
| 0:06.0 | A European court has ruled that two influential Russian businessmen were wrongly sanctioned in the wake of Russia's invasion of Ukraine. |
| 0:13.8 | The billionaire oligarchs are linked to Russia's biggest private bank and to the country's |
| 0:18.0 | leader of Vladimir Putin. |
| 0:20.0 | But the EU court said that those two things were not enough to justify |
| 0:23.8 | freezing their assets. |
| 0:24.9 | Marketplace's Nova Safo is here with details. |
| 0:27.8 | Yeah, David, the two people in question are both billionaires. |
| 0:30.5 | Peter Avin and Mikhail Friedman. |
| 0:33.3 | Avin is said to have Russian and Latvian nationality. |
| 0:35.8 | Friedman is Russian and Israeli. |
| 0:37.8 | Both men are major shareholders of Alpha Group. |
| 0:41.1 | That is a conglomerate which owns Alpha Bank, that's a private Russian |
| 0:44.9 | bank. The two men had appealed the sanctions that were imposed on them between |
| 0:49.4 | February 2022, that's when Russia invaded Ukraine, and March 2023. And the European Union Court of Justice |
| 0:56.5 | cited with them this morning, ruling that EU officials had failed to provide evidence that the |
| 1:02.2 | men had materially supported Russia's |
| 1:04.1 | invasion of Ukraine. The court said just them being close to Russia's leader |
| 1:08.1 | Vladimir Putin, which is not in dispute, was not enough of a reason to sanction them. |
| 1:12.4 | Now the way it works with this court is the was not enough of a reason to sanction them. |
| 1:13.0 | Now the way it works with this court is the ruling can be appealed, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.