Day: December 14, 2023

Tesla recalls nearly all US vehicles over autopilot system defects

Energy News Beat News|Automotive Industry Tesla is recalling more than two million cars in the United States, nearly all of its vehicles sold there, after a federal regulator said defects with the autopilot system pose a safety hazard. In a recall filing on Wednesday, the carmaker said autopilot software system controls “may not be sufficient […]

Fed Holds Rates at 5.50% Top of Range, Sees Three Rate Cuts in 2024, QT to Continue

Energy News Beat Lowers GDP growth projections and PCE inflation projections for 2024. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep its five policy rates unchanged, with the top of its policy rates at 5.50%. It was the third meeting in a row when the Fed held its policy rates, after the rate hike […]