- Barrons.com
March Inflation Data Will Keep Fed Interest Rates on Hold
March data released Friday confirmed the Federal Reserve still has more work ahead to slow the pace of inflation. In the previous three months, the PCE price index rose less than 0.1% on average. The annual increase in inflation has come in between 2.4% and 2.6% for four straight months through March, versus the Fed’s 2% target.
- Barrons.com
Tesla’s AutoPilot Recall Gets a Government Probe. No, It’s Not a Stock Issue.
The National Highway Traffic Safety Administration said its Office of Defects Investigation was opening a “Recall Query” to assess if Tesla recall in December of more than 2 million vehicles over a fix to its AutoPilot system was good enough. It makes for a good headline—safety investigator looking at 2 million-plus Tesla vehicles over self-driving recall fix—but investors just don’t need to worry about it. The December recall, which impacted more than 2 million Tesla vehicles—essentially every single one on U.S. roads—was the culmination of an investigation that began in June 2022.
- Yahoo Finance Video
March PCE data shows 2.7% annual increase, stubborn inflation
The Personal Consumption Expenditures (PCE) data for March aligned with forecasts, registering a 0.3% increase on a month-over-month basis and a 2.7% rise year-over-year. Yahoo Finance's Fed Reporter Jennifer Schonberger sheds light on how this figure could impact Federal Reserve rate cut expectations. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
