— The U.S. economy added a robust 303,000 new jobs in March and unemployment fell to 3.8%; job market strength makes it harder for Fed to lower interest rates.
— U.S. auto sales rose 5.1% in 1st quarter 2024 amid higher rebates; but growth in sales of electric vehicles (EVs) slowed further to 3.3%; EVs are 7% of all U.S. car sales.
— China’s excess production and low-priced exports are hurting new U.S. industries, said U.S. Treasury Secretary in a visit to China.
— Inflation across the Eurozone fell more than expected in March to 2.4% annualized, making central bank interest rate cuts likely in June.
— The U.S. Environmental Protection Agency awarded $20 billion to nonprofits and eight community banks to help combat or mitigate climate change, including for heat pump subsidies, EV charging stations and cooling centers.
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