Inflation rose 3.2% year-over-year in February, above estimates of 3.1%, all according to the latest Consumer Price Index (CPI) report. From food prices to car insurance costs, Yahoo Finance's Personal Finance Editor Molly Moorhead details the areas where inflation is becoming the most concentrated for American consumers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Inflation rose 3.2% year-over-year in February, above estimates of 3.1%, all according to the latest Consumer Price Index (CPI) report. From food prices to car insurance costs, Yahoo Finance's Personal Finance Editor Molly Moorhead details the areas where inflation is becoming the most concentrated for American consumers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Bloomberg
(Bloomberg) -- The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapChina Has Never Canceled This Many Shipments of US WheatNY Says Trump Should Post Full Bond During Fraud Case AppealUS Core Inflation Tops Foreca
Reuters
The update comes at a time when advancements in generative AI, including image and video generation, have fanned concerns of misinformation and fake news among the public, prompting governments to regulate the technology. Google had announced restrictions within the U.S. in December, saying they would come into effect ahead of the election.
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