Is DeepSeek the Start of a New AI Era?

The Federal Reserve plans to maintain its interest rate during the upcoming policy meeting amid pressure from President Trump for cuts. Recently, the Fed reduced the rate from 5.3% to about 4.3%. Policymakers anticipate a slower pace of rate reductions despite signs of economic stability and progress in inflation. Trump's comments reflect his intentions to influence interest-rate policy, contrasting with past presidential approaches. The Fed seeks to balance borrowing costs to meet a 2% inflation target while avoiding recession. Fed officials indicate plans to hold off on rate hikes as they analyze the labor market, with a current unemployment rate of 4.1%. Comments suggest a division within the Fed on whether to maintain or lower rates amid persistent inflation rates measured at 2.4%. Potential tariffs from Trump could introduce unpredictable inflationary pressures, with economists forecasting a modest increase in inflation due to these tariffs and their effects becoming evident over months.

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