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Federal Reserve Governor Cook speaking about economic adjustments and AI implications.
AI impact

Federal Reserve Governor Backs 50bps Rate Cut Amid Economic Changes

On September 27, Federal Reserve Governor Cook voiced strong support for a 50 basis point interest rate cut, linking it to a slowing job market and easing inflation. Her remarks at Ohio State under...

business investmentGraph depicting US GDP growth rates for 2022 and 2023.

Revised US GDP Data Indicates Stronger Economic Growth in 2023

The latest U.S. GDP revisions show a growth rate of 2.9% for 2023, driven by strong business investment and consumer spending. Despite Fed interest rate hikes, the economy demonstrated resilience w...

consumer spendingEconomic indicators summary for the US second quarter analysis.

US Second Quarter Economic Indicators Show Steady Growth Yet Minor Slowdown in Spending

The latest US economic indicators show a steady GDP growth of 3% in Q2, matching forecasts. However, a slight dip in personal consumption expenditures points to a minor slowdown in consumer spendin...

2024Neel Kashkari, Federal Reserve official, discussing rate cuts in 2024.

Fed's Kashkari Foresees 50 Basis Points Rate Cut in 2024

Federal Reserve official Neel Kashkari predicts a 50 basis points reduction in interest rates in 2024, as reported by BlockBeats on September 23. This potential rate cut aims to stimulate economic ...

Economic GrowthFederal Reserve Governor Christopher Waller discussing economic policies regarding job market stability.

Federal Reserve May Consider Rate Cuts Amid Weakening Job Market

Federal Reserve Governor Christopher Waller suggests the possibility of a 50 basis point rate cut if the job market deteriorates significantly. This move reflects the Fed's commitment to adapt mone...