## The biggest story in business today might be the lack of one. Inflation data came in hotter than expected, showing consumer prices continuing their climb. This normally sends chills down Wall Street's spine, but major indexes are seeing mixed reactions so far.
This could be a sign of several things. Are investors betting the Federal Reserve will hold off on aggressive interest rate hikes to combat inflation? Or is this a calm before the storm, with a bigger correction looming?
Meanwhile, mortgage rates are creeping closer to 7%, the highest level since early March. This has homebuyers in a quandary: lock in a higher rate now, or gamble on rates falling in the future? Analysts are divided, with some recommending waiting and others urging action before rates climb even further.
In other business news, the fallout from the Texas Tesla crash continues. Investigators reveal the driver was using the car's automated driving system, raising questions about the safety of self-driving technology.
And Elon Musk's fight for "free speech" takes a new turn, with a Brazilian judge caught in his crosshairs.
One thing's for sure: it's a day of mixed signals and simmering tensions in the business world. Buckle up, it could be a bumpy ride.
Source 😀 Gemini
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