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This chapter discusses the ongoing debate among economists and Wall Street regarding interest rate cuts, the US Supreme Court hearing a crucial wealth tax case, and the crackdown on Ukraine's oligarchs. It provides details on the arguments and implications of the tax case, including potential impacts on fiscal plans and the tax code.

Leading economists say the Federal Reserve will hold off on interest rate cuts until at least July 2024, and the US Supreme Court heard a case that could shut down Democrats’ attempts to impose a wealth tax. Plus, the FT’s Europe editor, Ben Hall, explains why Ukraine is cracking down on oligarchs and what it means for the country.

Mentioned in this podcast:

Economists see Fed keeping rates at 22-year high until at least July

How the US Supreme Court could thwart a prospective wealth tax

US Supreme Court appears wary of upending tax law in closely watched case

The crackdown on Ukraine’s oligarchs

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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