Morning Brew Daily Inflation Gets Hotter & Airbnb Bans Surveillance Cameras
Mar 13, 2024
Rising inflation trends are causing concern, particularly in housing and energy, sparking discussions about interest rates. Airbnb's new ban on indoor surveillance cameras raises privacy questions for guests. Meanwhile, Telegram's explosive growth showcases the evolving social media landscape. The safety of assisted driving technologies, like those from Tesla and Ford, is also under scrutiny. Plus, restaurants are now charging cancellation fees, and Google faces irony with its WLAN woes in an eco-friendly office.
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Inflation Remains Elevated
- U.S. consumer prices rose 3.2% in February, exceeding expectations for the second consecutive month.
- Housing and energy costs were the primary drivers, contributing over 60% to the monthly increase.
Understanding the Fed's Inflation Gauge
- The Federal Reserve's preferred inflation gauge, the PCE, typically runs cooler than the CPI.
- February's PCE data, to be released on March 29th, will offer a more comprehensive view of inflation.
Telegram's Rise and Concerns
- Telegram, a secure messaging app, boasts over 900 million users and is approaching profitability.
- Its emphasis on privacy attracts both government officials and individuals in conflict zones but also raises concerns due to limited moderation.