— The Federal Reserve’s preferred gauge of inflation rose more than expected, up 0.4% in Feb. to an annualized rate of 2.8% vs. target of 2%.
— The Trump administration said 25% tariffs on all auto imports will start April 2, and a wide array of reciprocal tariffs are expected April 3; roughly 50% of cars sold in U.S. are imported.
— U.S. consumer sentiment is down 12% from Feb. and 28% from a year ago (hitting 57 on a key index), with consumer expectations for inflation over the coming year rising to 5%.
— Chinese electric car company BYD posted revenue of $107 billion for 2024, outselling Tesla, whose revenue was just under $100 billion.
— The SEC will not require U.S. companies to report on their greenhouse gas emissions and climate risks, reversing years of planning to develop and implement these regulations.
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