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🇺🇸🗣 #macro Powell: - The Fed can wait for more clarity before acting. - Path to 2% inflation will be uneven. - Labor market remains strong and balanced. - Consumer spending growth may be slowing. - Uncertainty persists around Trump administration policies and tariffs impacting inflation expectations. - The net impact of trade, immigration, fiscal, and regulatory policies is critical for the economy and Fed’s monetary policy. - The zero lower bound is likely no longer a baseline option. - No need to react to one-off price spikes; Fed will assess if tariffs or policy changes escalate or shift expectations.

🤖🍿 #WLD #XAI #AI Microsoft has begun severing ties with OpenAI and is now testing models from xAI, Meta, and DeepSeek.