Why the Federal Reserve opted for the big interest rate cut – The Financial Times
Speaking last month in Jackson Hole, Jay Powell was explicit about what he considered the Federal Reserve’s mission as the US economy emerged from a...
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Week Ahead for FX, Bonds: U.S. PCE Inflation Data, Australia Rate Decision – WSJ
After the U.S. Federal Reserve’s large 50 basis-point interest-rate cut, attention switches back to economic data—particularly PCE inflation figures—for indications on how fast rates will...
Bank of England holds rates at 5% – The Financial Times
The Bank of England has held interest rates at 5 per cent after inflation remained steady in August, but indicated it may lower borrowing costs...
The Fed Aims to Repeat Greenspan’s 1990s Masterpiece – WSJ
The Federal Reserve famously guided the economy to a soft landing in 1995, paving the way for the economic boom that followed. Can it do...
ChatGPT maker says its new AI model can reason and think ‘much like a person’ – CNN
OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors....
S&P 500 hits new record after Fed makes jumbo cut to US interest rates- The Financial Times
The S&P 500 hit a record high on Thursday as investors bet the Federal Reserve’s jumbo half-point interest rate cut would help deliver a soft...
Federal Reserve cuts rates by half a point and signals era of easing has begun – The Financial Times
The Federal Reserve cut its benchmark interest rate by half a percentage point on Wednesday and signalled more reductions would follow, launching its first easing...
Tech Jobs Have Dried Up—and Aren’t Coming Back Soon – WSJ
Finding a job in tech by applying online was fruitless, so Glenn Kugelman resorted to another tactic: It involved paper and duct tape. Kugelman, let...
The Fed Isn’t First to Cut Rates, but It Is the Signal Other Central Banks Want – WSJ
The Federal Reserve’s expected rate cut Wednesday will sound the all-clear for overseas central banks that are also concerned about their domestic economic growth. Some...
With inflation staying at 2.2%, will Bank of England cut interest rates this week? – The Guardian
For a second month running, inflation has fallen short of the Bank of England’s expectations. After beginning the process of cutting interest rates last month,...