Marc Filippino
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Now, the FT got its hands on some new numbers that show just how bad things have gotten for Blue Owl.
Inflows at the group's largest fund have basically dried up.
The fund reported just $26 million in new investments on May 1st.
That's about half of what it was in April and a 95% decrease from this time a year ago.
A spokesperson for Blue Owl declined to comment.
Earlier this year, investors requested to redeem over 20% of their cash from the fund.
That caused Blue Owl to partially limit redemptions.
The lack of inflows will put even more pressure on the fund's liquidity, but Blue Owl has said it has ample cash resources and expects to bring in more in the coming quarters.
inflation jumped to its highest level since 2023 last month.
Government data out yesterday puts it at an increase of 3.8% compared to the same time last year.
That's up from 2.4% in February, before the war in Iran started.
Higher gas prices largely drove up the consumer price index, but core inflation was up too.
The CPI report is the latest indication of how much the conflict is reverberating across the U.S.
The FT's Claire Jones joins me now to explain.
So, Claire, as I mentioned, fuel is getting more and more expensive here in the U.S.
What kind of impact is that having on the U.S.