TechFlow news — ARK Invest CEO Cathie Wood shared her views on X regarding the report that "electric vehicle prices dropped 22.4% year-over-year in September while hybrid vehicle prices rose 20.6% year-over-year." She attributed the decline in EV prices to technological innovations such as battery pack systems. Wood stated that the Federal Reserve continues to make decisions based on lagging indicators, while advancements in artificial intelligence, blockchain technology, robotics, and multi-omics sequencing will intensify deflationary pressures.
Wood added that the Fed's policy actions rely heavily on lagging indicators, particularly various Personal Consumption Expenditures (PCE) deflators. While investors appear to believe the Fed is on the right track, she believes deflation will become a significant source of uncertainty next year.
