David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange.Source: NYSEMeasuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.The Zeta Economic Index, launched Monday, uses generative AI to analyze what its...
Category: Economy
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter...
Financial crimes watchdog removes Turkey from money laundering ‘gray list’
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesThe Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit...
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
GP: American flag and Chinese flagMatt Anderson Photography | Moment | Getty ImagesA recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment. The annual survey conducted by the China...
Fed Governor Bowman says she’s still open to raising rates if inflation doesn’t improve
Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising if inflation doesn't pull back."Should the incoming data indicate that inflation is moving sustainably toward our 2 percent goal, it will eventually become appropriate to...