The surge in demand for demand for Nvidia’s computer chips for artificial intelligence (AI) applications inspires some observers to claim that a new era for the economy is dawning. AI, runs the thinking among the most optimistic minds in this realm, will reorder and solve any number of issues on the macro front.
Daily Archives: February 23, 2024
Macro Briefing: 23 February 2024
* US government faces shutdown deadline next week (March 1)
* Fed Gov. Waller wants more evidence inflation is cooling before cutting rates
* US existing home sales rose 3.1% in January but fell vs. year-ago level
* Jobless claims in US decline to lowest level in five weeks
* US economic activity fell in January via Chicago Fed Nat’l Activity Index, but…
* US economy continues modest expansion in February, PMI survey finds:
