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  Bloomberg

  Petrobras CEO Prates in Hot Seat as Lula Pushes Growth Over Payouts

  (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva’s return to power in 2023 sparked concern among investors that he would use state-owned oil company Petroleo Brasileiro SA to spur economic growth at the expense of shareholder returns.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapNY Says Trump Should Post Full Bond During Fraud

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  The Wall Street Journal

  Why Markets Seem OK With Hot Inflation Data

  Tuesday’s inflation report was [worse than economists had expected,](https://www.wsj.com/economy/inflation-february-cpi-report-interest-rate-b827c0e7) but better than many investors had feared. + **The bad news**: core consumer prices, excluding volatile food and energy categories, rose 0.

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  The Wall Street Journal

  What the February CPI Report Means for the Fed

  Another [firm inflation print](https://www.wsj.com/economy/inflation-february-cpi-report-interest-rate-b827c0e7) in February won’t change the Federal Reserve’s plans to hold interest rates steady next week, but it will place more attention on whether and how officials signal any changes to their outlook for rate cuts this year. In December, most Fed officials penciled in three rate cuts this year as long as inflation continued to make progress toward the central bank’s goal of 2%, which is measured against a separate gauge maintained by the Commerce Department. A key focus is whether most officials will continue to expect three cuts this year in new economic projections released next week, or whether more officials will pencil in just two cuts.

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  Reuters

  U.S. airlines warn of more Boeing delivery delays due to safety crisis

  U.S. carriers warned on Tuesday that their plans to increase capacity were in doubt due to jet delivery delays from Boeing, as the hit to the airline industry from the planemaker's safety crisis worsens. The airline industry has cut expectations for deliveries this year due to Boeing's problems, complicating their efforts to meet record travel demand. Boeing has been under heavy regulatory scrutiny following a harrowing Jan. 5 midair panel blowout incident that led to probes into the company's safety and quality standards in its production process.