The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.
Kashkari Says He Expects One More Rate Hike This Year
Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects the US central bank will need to raise interest rates one more time this year and keep policy tighter for longer if the economy is stronger than expected. Kashkari spoke Monday at an event at the University of Pennsylvania’s Wharton School.
AWS CEO: Generative AI Will Be Explosive Source of Growth
Amazon will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup. AWS CEO Adam Selipsky joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology."