Federal Reserve Chair Jerome Powell warns inflation is high, and interest rates could rise soon. The Fed needs to balance keeping the economy stable while cooling inflation. Goldman Sachs advises investors to consider hedging for a potential recession.
Investing in AI technology is mounting, with reports from Bank of America showing a potential 'baby bubble' in the making reminiscent of dot-com era in the late 90s. Bill Ackman's big bet with Alphabet and OpenAI's Chatbot have grabbed the public's attention. With an increase in US bond yields and doubling of share prices in companies such as Nvidia and Met Platforms, the Federal Reserve could burst this bubble. Be aware of the risk of a repeat of the 2000 dot.com burst.
This article summarizes the complexities of the Fed's interest rate policy and its effects on everyday consumers, featuring an AI translation of terms like "policy firming" into plain language. We asked an expert to judge the output of- ChatGPT and what we got was that while it helps to explain complex vocabulary, there needs to be expert explanation to get a full understanding. Learn more here.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?