"Market Rebounds: Stocks Rally as Inflation Fears Ease"

US stocks rebounded after a sell-off driven by hotter-than-expected inflation data, with the Dow Jones rising 0.4% and the S&P 500 adding almost 1%. Chicago Fed President Austan Goolsbee cautioned against overreacting to one inflation report, suggesting that the underlying trend still shows inflation approaching the Fed's 2% target. Meanwhile, Tesla investors are bearish on the stock over the next 6-12 months, and Slack launched an AI bot to help manage work chats. The market outlook for interest rate cuts has shifted, with investors now pricing in a 37% chance of a rate cut by the May meeting, down from 100% a month ago.