Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlike
Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlikely to be a rate hike. As youve heard from the Us Federal Reserve, Interest Rates in america will remain high for some
Thats the software that enables vehicles to drive autonomously, with a driver behind the wheel but not operating it. Thats available in north america, both in the us and canada. But on friday, a us report tied its wider range of autonomous Driving Modes to at least 13 crashes, including one death. Despite that, chinese customers are angling to use full self driving software, but its not yet available in their market. Mr musk said it would be rolled out there very soon, but heres the rub all the data from teslas Chinese Fleet is held in shanghai and, under chinese regulations, isnt accessible to teslas us headquarters in texas. And that hampers the learnings that tesla needs to do to deliver a safe and effective product in china. Mr musk needs to navigate that with chinese officials. Ones the premier, li qiang. Now, hes been making very positive noises, saying that chinas market will always be open to foreign funded firms and that beijing would provide a Better Business environment for
The Visit Comesjust a week after mr musk cancelled a trip to india, citing very heavy tesla obligations. Our Business Reporter David Waddell has more. Heres mr musk s challenge. Hes trying to sell teslas full Self Driving Software to more users, to more drivers. Thats the software that enables vehicles to drive autonomously, with a driver behind the wheel but not operating it. Thats available in north america, both in the us and canada. But on friday, a us report tied its wider range of autonomous Driving Modes to at least 13 crashes, including one death. Despite that, chinese customers are angling to use full Self Driving Software, but its not yet available in their market. Mr musk said it would be rolled out there very soon, but heres the rub all the data from teslas Chinese Fleet is held in shanghai and, under chinese regulations, isnt accessible to teslas us headquarters in texas. And that hampers the learnings that tesla needs to do to deliver a safe and effective product in china
Citing very heavy tesla obligations. Our Business Reporter David Waddell has more. Heres mr musk s challenge. Hes trying to sell teslas full Self Driving Software to more users, to more drivers. Thats the software that enables vehicles to drive autonomously, with a driver behind the wheel but not operating it. Thats available in north america, both in the us and canada. But on friday, a us report tied its wider range of autonomous Driving Modes to at least 13 crashes, including one death. Despite that, chinese customers are angling to use full Self Driving Software, but its not yet available in their market. Mr musk said it would be rolled out there very soon, but heres the rub all the data from teslas Chinese Fleet is held in shanghai and, under chinese regulations, isnt accessible to teslas us headquarters in texas. And that hampers the learnings that tesla needs to do to deliver a safe and effective product in china. Mr musk needs to navigate that with chinese officials. Ones the pr