A "soft landing" for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates "meaningfully" to beat inflation.
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."
Shale drillers are resisting the lure of soaring oil prices and holding fast to production targets drawn up before crude began its ascent toward $100, said activist investor Ben Dell. He speaks on "Bloomberg Markets."