News

Fed's Daly: The Fed's current work on artificial intelligence is to understand how other institutions use artificial intelligence and its impact on the economy.

Fed's Daly: The Fed does not consider artificial intelligence as an integral part of its policy work.

Fed's Daly: An independent central bank is an advantage.

Fed's Daly: What failed to be noticed in the Silicon Valley Bank incident was the "concentration risk" of its customer network.

Australia's S&P/ASX200 index opened on Tuesday, October 22, down 57.20 points, or 0.69%, to 8,287.20 points.

Moody's: As inflation falls to the Fed's 2% target, the banking operating environment is expected to remain stable in 2025.

Moody's: If inflation accelerates and the Fed is forced to tighten monetary policy, the possibility of a recession is the main downside risk.

Fed's Daly: If inflation continues to decline, we hope to remain open-minded and continue to relax policy even if the economy performs strongly.

Fed's Daly: My own estimate of the neutral rate is around 3%.

Fed's Daly: The Fed will understand the true level of the neutral interest rate through practice.

Fed's Daly: Reasonable estimate of 'neutral' interest rate is between 2.5% and 3%.

Fed's Daly: Companies say they are still managing headcount through attrition rather than layoffs.

Fed's Daly: Policy remains tight.

Fed's Daly: I don't want to see the labor market slow down further.

Fed's Daly: So far, we haven't seen any signs that we won't continue to cut interest rates.

Fed's Daly: The Fed's policy at its November meeting will be determined based on data.

Fed's Daly: The recent Fed rate cut was a "narrow victory". I strongly support a 50 basis point rate cut.

Fed's Daly: The Fed will continue to adjust its policies.

Brazilian President Lula will speak with Russian President Vladimir Putin by phone on Tuesday.

U.S. Treasury Undersecretary Adeyemo discussed security and economic stability in the West Bank with the Palestinian Prime Minister.