While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
President Joe Biden signed a bill ending the COVID-19 national emergency in the US, but his administration launched a $5 billion program named Project Next Gen that aims to expedite the development of new COVID-19 vaccines and treatments, sparking concerns over government overreach and individual liberties, despite recent research indicating natural immunity may provide superior protection.
The Dalai Lama apologizes for kissing a young boy on the lips and asking him to "suck my tongue" during a public gathering at a temple in Dharamsala, India, which was filmed and went viral on social media.
The Chinese yuan has surpassed the U.S. dollar in trading volume on the Moscow Exchange due to Russia moving away from transacting in the currencies of "unfriendly" countries amidst sanctions.
"On Monday, April 10, 2023, the President signed into law: H.J.Res. 7, which terminates the national emergency related to the COVID-19 pandemic," the White House announcement reads.