Inflation is getting close to the Federal Reserve’s target rate
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 29 February 2024
⏱️ 1 minutes
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Summary
The Federal Reserve’s preferred inflation gauge is showing further signs of easing; the Commerce Department wants to probe connected vehicles made by Chinese companies; the Transportation Department wants to make it easier to fine airlines for damaging or misplacing wheelchairs; the FAA gives Boeing 90 days to come up with new safety plan.
Transcript
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| 0:00.0 | Inflation is getting close to the Federal Reserve's target rate. |
| 0:04.3 | I'm Novasafo with a Marketplace Minute. |
| 0:07.1 | The Federal Reserve's preferred inflation gauge is showing further signs of easing, |
| 0:10.8 | the Commerce Department's Personal Consumption Expenditures Price Index declined to an annual |
| 0:16.3 | rate of 2.4% in January. Month over month, there was an acceleration, but that could |
| 0:22.2 | be a bump in the road. |
| 0:24.0 | The Commerce Department wants to launch an investigation into security risks posed by |
| 0:27.6 | connected vehicles made by Chinese companies. |
| 0:30.6 | It will propose new rules. |
| 0:32.4 | This comes as electric vehicle maker, |
| 0:34.0 | B.Y.D. plans to expand outside of China. |
| 0:37.0 | Meanwhile, the Transportation Department is proposing a rule to make it easier to find |
| 0:41.0 | airlines for damaging or misplacing passengers wheelchairs. |
| 0:44.4 | The department said such incidents have increased. |
| 0:47.5 | The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to fix |
| 0:52.1 | quality control problems. |
| 0:53.8 | Boeing said it would comply. |
| 0:55.7 | It's under intense scrutiny since the door plug blew out of an Alaska Airlines |
| 0:59.3 | Maxjet last month. |
| 1:01.4 | I'm Novasafo with a marketplace minute. |
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