Riksbankschefen: ”Jag vet inte själv vad vi ska göra”
Swedish inflation
The governor of the Riksbank: "I don't know myself what to do"
The Riksbank has signaled on two occasions about an interest rate cut before the turn of the year. At the interest rate meeting in February, they said that it "cannot be ruled out" and last week the Riksbank specified this by saying that it is with "a certain probability".
In an interview with Sydsvenskan, Riksbank Governor Erik Thedéen says that the statements should be seen as "siblings", but that it is uncertain how they will act in the end.
- When we say "do not rule out", maybe someone out there thinks that we have an Excel sheet where it says what we should do [...] I don't know myself what we should do, he says to Sydsvenskan.
According to Thedéen, a large part of the risks for the development of inflation is the development of the krona and geopolitics.
*******************
The development of AI
New milestone for Nvidia: Over $2 trillion
Nvidia's stock rose more than 4 percent in early trading on Friday, following Thursday's report rally of more than 16 percent. Then and there, the chip maker's market capitalization also climbed above $2,000 billion for the first time, writes the WSJ. Only Microsoft and Apple now have higher valuations on Wall Street.
Nvidia has now surged over 60 percent since the turn of the year and is up roughly 240 percent in a year's time.
*******************
Internal documents: Amazon AI warns employees
Tech giant Amazon is warning its employees against using generative AI tools from third-party vendors to handle confidential data, noting that companies like OpenAI may claim ownership of collected information. This is written by Business Insider, which refers to internal documents.
"This means that all output such as email, PRFAQs [...] code, confidential information, documentation, pre-launch and strategy materials can be extracted, reviewed, used and distributed by the owners," they write.
Amazon spokesperson Adam Montgomery confirms that the company has safeguards in place to regulate employee use of these technologies.
*******************
Predicted the financial crisis: Now strongly believes in soft landing
The White House reads his forecasts "like an obsession" and Fed chief Jerome Powell has meetings with him at regular intervals. Jan Hatzius at Goldman Sachs is one of the most followed economists on Wall Street and in Washington, writes the WSJ.
According to the newspaper, the chief economist has gained his great influence by daring to go against the grain - and being right - on several occasions. The biggest scalp is when he predicted that the US mortgage bubble would trigger a recession in 2008. But he also stuck his chin out in late 2022 by predicting a soft landing under the bold forecast headline: "This time it's different."
Hatzius remains more optimistic than the consensus and expects inflation to approach 2 percent this year without unemployment rising. He claims, among other things, that the lagged effects of interest rate increases are misunderstood, and are partly already behind us.
Inga kommentarer:
Skicka en kommentar