How a Year of the Fed’s High Rates Has Affected the US Economy – Bloomberg
In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam...
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Fed Is About to Nod at a Rate Cut as Job Growth Moderates – Bloomberg
Federal Reserve officials are on the verge of lowering borrowing costs within months, a move Chair Jerome Powell may signal in the coming week as...
US consumers show signs of flagging, companies and analysts warn – The Financial Times
US consumers are showing signs of flagging after helping to prop up the world’s largest economy since the pandemic, according to a growing number of...
OpenAI is taking on Google with a new artificial intelligence search engine – CNN
OpenAI on Thursday announced its most direct threat yet to its stalwart Big Tech rivals: a search engine that uses artificial intelligence baked in from...
U.S. Inflation Data Keeps Door Open for September Interest Rate Cut – WSJ
U.S. inflation broadly met expectations and remained above target in June, keeping alive the prospect of interest rates declining later this year. The Commerce Department...
Week Ahead for FX, Bonds: Fed Meeting to Take Center Stage, Alongside BOJ, BOE Decisions – WSJ
An interest-rate decision by the U.S. Federal Reserve is set to take center stage, where policymakers could flag that interest-rate cuts will begin as early...
The Hottest Job Market in a Generation Is Over – WSJ
Americans’ once-in-a-generation job market has come to an end. The red-hot hiring and rock-bottom unemployment that helped millions of workers find new gigs, boost their...
The US Economy Is Slowing, Which Is Just Fine With the Fed – Bloomberg
Having boomed its way through 2023, the US economy is coming back to earth. Companies are hiring fewer workers. Consumers are spending less. The housing...
Why is Mark Zuckerberg giving away Meta’s crown jewels? – The Economist
As alter egos go, Augustus Caesar is not a bad one for Mark Zuckerberg, pontifex maximus of Meta, owner of the Facebook family of apps....
The problem of ‘model collapse’: how a lack of human data limits AI progress – The Financial Times
The use of computer-generated data to train artificial intelligence models risks causing them to produce nonsensical results, according to new research that highlights looming challenges...