It’s been a hectic start to the new year for artificial intelligence. While the American government announced a massive AI infrastructure investment OpenAI, Oracle and Softbank, a Chinese company, DeepSeek, released a lower-cost artificial intelligence system upending the stock market and forced a recalibration of the AI landscape. Click Here For More EVOLVE News Content […]Read More
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At his first press conference of the new year, Federal Reserve Board chairman Jerome Powell made it clear monetary policy is on cruise control for now, despite increasing pressure from the new administration to approve more interest rate cuts. “The public should be confident that we will continue to do our work as we always […]Read More
Economic forecasting is an art and a science – at least a social science – but that doesn’t ensure accuracy in the predictions. In fact, according to a recent report from the Federal Reserve Bank of St. Louis, projections about the state of the economy from professional economic forecasters are often far off the mark. […]Read More
If a rising tide lifts all boats, then the country’s biggest banks are riding high in their luxury yachts. While inflation was an economic thorn, 2024 was a pretty good year for the U.S. economy. When final gross domestic product numbers are in, they will likely show the United States posted the fastest growth of […]Read More
It’s no secret economists love generating statistics and plugging them into complex formulas to create models of economic behavior. Yet they still often miss the mark when it comes to economic forecasting. Click Here For More EVOLVE News Content Listen to more of the Spare Change PodcastRead More
After a huge year in 2024, the landscape for cryptocurrencies could change dramatically over the next several months. Crypto’s standard bearer Bitcoin increased 150% in 2024 while the aggregate value of all digital currencies nearly doubled to $3.3 trillion, fueled by the launch of exchange-traded funds for Bitcoin. And while there has been a lot […]Read More
Whether travelling back to the future, taking a walk along the time tunnel or just relaxing in a hot tub time machine, Americans have long been fascinated with time. Even during the holiday season, when the workday routine is replaced with festive celebrations with family and friends, we still can’t stop thinking about the year […]Read More
For years since its founding in 1913, the Federal Reserve Board operated out of sight from most Americans. The high priests of high finance practiced their green arts in obscurity while most people knew little or nothing of their existence. Click Here For More EVOLVE News Content Listen to more of the Spare Change PodcastRead More
It’s the most wonderful time of the year – if you are a consumer looking for deals on holiday gifts. But the season of giving has become the season of discounts and that could mean less than merry results for retailers. According to the conventional wisdom, the day after Thanksgiving is the shining gate to […]Read More
The Supremes said you can’t hurry love, and it turns out you can’t hurry regulations for artificial intelligence either. At least according to Federal Reserve Board Governor Michelle Bowman. Click Here For More EVOLVE News Content Listen to more of the Spare Change PodcastRead More