TechFlow news — Cathie Wood, CEO of ARK Invest, commented on X regarding the report that "electric vehicle prices declined 22.4% year-over-year in September while hybrid vehicle prices rose 20.6% year-over-year." She attributed the drop in EV prices to technological innovations such as battery pack systems. The Federal Reserve continues to make decisions based on lagging indicators, but artificial intelligence, blockchain technology, robotics, and multi-omics sequencing will intensify deflationary pressures.
Wood added that the Fed's policy actions rely 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.
