Wall Street Economists Pare Back Fed Rate-Cut Views After Data – Bloomberg
Economists at Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. pared back their forecasts for additional Federal Reserve interest-rate cuts in response
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AI is taking the US in a strange new direction – The Financial Times
I’ve been sceptical that artificial intelligence will radically remake labour markets in the short term, in part because so much hype comes from the tech
Week Ahead for FX, Bonds: U.S. Inflation Data Due as Focus Remains on Bond Markets – WSJ
U.S. inflation data will be top of the agenda in the week after recent very strong jobs data and could cause investors to scale back
Federal Reserve officials saw need for ‘careful approach’ to future rate cuts – The Financial Times
Federal Reserve officials indicated that the US central bank will have to take a “careful approach” in cutting interest rates further due to the rising
UK Hiring Drops Sharply as Firms Brace for Tax Hikes – Bloomberg
Hiring by British businesses fell at its fastest pace in 16 months as managers brace for Labour’s tax hikes, according to a survey closely watched
How corporate bonds fell out of fashion – The Economist
There are normally few thrills to be had from investment-grade bonds, which is just the way it should be. After all, this is lending to
Eurozone Retail Trade Edges Up But Low Consumer Confidence Remains Headache – WSJ
Eurozone retail trade inched up in November, although a slowing economy and low consumer confidence could upend a sustained revival ahead. The euro area’s retail-trade
Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis – Bloomberg
Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s
41% of companies worldwide plan to reduce workforces by 2030 due to AI – CNN
Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey
Subsistence Is Not Enough
To help those struggling with extreme poverty access essentials like food, shelter, and health care, policymakers must improve affordability in addition to fostering economic growth.