Federal Reserve Governor Christopher Waller recently made comments suggesting that inflation is easing based on a string of recent data. The data indicated a slowdown in various sectors such as retail sales and manufacturing, easing the demand that had previously driven up inflation rates. Waller mentioned that the current economic conditions do not warrant further
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As per the accountancy firm PwC, the industries that are inclined towards adopting artificial intelligence are experiencing a significant growth in productivity when compared to other sectors. A report by PwC revealed that professional services, financial services, and information technology sectors witnessed a remarkable 4.3% increase in productivity between 2018 and 2022. This growth far
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The recent release of the Reserve Bank of Australia (RBA) meeting minutes highlighted the board’s consideration of raising interest rates but ultimately deciding in favor of maintaining a steady policy. The board acknowledged the difficulty of predicting future changes in the cash rate, indicating a cautious approach to monetary policy adjustments. Additionally, the board expressed
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