Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.
Category: United States Economy
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Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates
Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.
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Why It’s So Expensive to Live in Phoenix
Arizona is a presidential election battleground state, and a dire shortage of affordable housing there is sowing economic anxiety among voters.
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A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is a bumpy process.
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S&P 500 Surges to Start the Year
The S&P 500, rising 10 percent, set the pace as investors looked forward to interest rate cuts.
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Investors Pour Money Into Wall St. as Stocks Set New Highs
The influx of cash reflects optimism about the economy and company earnings despite high interest rates and stubborn inflation.
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In the Markets, a Tug of War Between Big Tech and the Fed
On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.
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The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.
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Biden Suggests a Bigger Federal Role to Reduce Housing Costs
A new report focuses on the prolonged struggle to build affordable housing across America and suggests federal incentives to help.
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U.S. Debt Races Toward Record This Decade, C.B.O. Warns
Recently passed spending limits have slightly improved the nation’s fiscal outlook.
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What to Watch Today From the Federal Reserve Meeting
The central bank is not expected to change interest rates, but its economic projections will be in focus.
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What the Fed’s Rate Moves Could Mean for Loans, Mortgages and Savings
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.