As expected, the Federal Reserve cut interest rates by another 0.25% at its meeting Wednesday but in the course of doing so, it signaled that further rate cuts next year are likely to be modest. A further signal that enthusiasm for cutting rates is ebbing was the dissents by two Federal Open Market Committee […]

At his marathon combined cabinet meeting and press conference earlier this week, Donald Trump unfurled his version of the “facts” in an effort to persuade viewers that his administration was off to a good start. For example, he declared 2025 to be “the most consequential and successful first year of any administration,” choosing to ignore […]

Artificial intelligence is both the hot innovation and hot topic of the moment. To date, it has the fastest adoption rate of any technology in history. ChatGPT is used by 700 million people each week, almost 10% of the world’s population. Will it prove to be the next game-changing technology? Will it kill more jobs […]

The overwhelming success Democrats had at the ballot box on Tuesday was due to a number of factors and no doubt at least partially reflected the turmoil associated with the Trump administration, but one issue seemed to have been atop the leaderboard of concerns: the economy. Recent poll data compared to a similar point in […]

The seemingly inexorable rise in the stock market has now coincided with the publication of an important new book by Andrew Ross Sorkin about the 1929 crash, raising questions in the minds of many as to whether we are headed for a repeat of the events of nearly 100 years ago. Predicting markets is nearly […]