Morning Brew Daily Inflation Cools Off in May & Jake Paul Gets into Skin Care
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Jun 13, 2024 Inflation rates cool down, sparking talk of a potential Fed rate cut this year. The EU introduces tariffs on Chinese electric vehicles, shaking up the market. Meanwhile, Jake Paul dives into skincare, targeting dry skin as his next challenge. Neal shares quirky voter insights from North Dakota and explores fascinating airplane behaviors. To top it off, scientists return from space a bit younger, while Denmark considers banning an overly spicy ramen. It’s a wild mix of economics, celebrity antics, and surprising science!
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White Buffalo Calf
- A rare white buffalo calf was born in Yellowstone, fulfilling a Lakota prophecy.
- This event, likened to the second coming of Jesus, signals a need for environmental protection.
Inflation Cools
- May's inflation cooled to 3.3%, below expectations, marking the second consecutive month.
- Despite this, Jerome Powell maintains a cautious outlook on interest rate cuts, citing "modest progress."
EU Tariffs on Chinese EVs
- Following the US, the EU imposed tariffs on Chinese EVs, citing unfair subsidies.
- European automakers oppose this, arguing it harms their intertwined supply chains and sales in China.
