The Fed made no changes to its monetary policy in the July meeting, as widely anticipated. Powell avoided pre-committing but firmly opened the door for initiating rate cuts in September. The Fed sees plausible scenarios ranging from ‘zero to several cuts this year’. Focus is on the risk of sharp deterioration in labour market conditions, […]
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Nvidia Chief Executive (NVDA) Jensen Huang recently said that AI was more of an infrastructure than a group of chips. Now, Microsoft (MSFT) and BlackRock are partnering to fund AI infrastructure in the U.S. On Sept. Read more…
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