According to the Daily Planet, ARK Invest CEO Cathie Wood posted on the X platform that electric vehicle prices fell 22.4% year-on-year in September, which was related to technological innovations such as battery pack systems. Hybrid vehicle prices rose 20.6% year-on-year. The Federal Reserve continues to make decisions based on lagging indicators, and artificial intelligence, blockchain technology, robotics, and multi-omics sequencing will increase deflationary pressure.
She added that the Fed's policy actions are based on lagging indicators, especially various personal consumption expenditures (PCE) deflators. Investors seem to believe that the Fed is on the right track, but deflation will be a big surprise next year.
