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Most generative AI projects in finance fail. Here’s what it means for CFOs and their future hires. Mid-market finance chiefs aren’t hiring like they used to. A Gartner survey of more than 300 finance executives shows that while companies are pouring more money into artificial intelligence tools, the share of CFOs planning to expand headcount…
Statement The Bank of England (Bank) co-operates with the Financial Conduct Authority (FCA) to supervise financial market infrastructure (FMI). The framework for cooperation is set out in a memorandum of understanding (MoU)footnote [1]. This MoU facilitates effective supervision and policy making by exchanging information between the regulators and promotes efficiency by minimising duplication of regulatory activities regarding…
The views expressed in this paper are those of the authors and do not represent the views or policies of the Federal Reserve Bank of Minneapolis or the National Bureau of Economic Research. We thank Jason Dolatabadi, Harry Elworthy, Libby Miskin, Mariya Shappo, and Jonathan Wang for their excellent comments and research assistance. We appreciate…
Deutsche Bank’s Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks. The Philly Semiconductor Index posted its best daily performance in a month, lifting the S&P 500, while markets simultaneously priced a more…
Higher interest rates, a global slowdown, political instability and AI capex are just four things about which investors aren’t especially troubled in late summer.
As time passes, it’s becoming increasingly difficult to ignore the macroeconomic elephant in the room. The U.S., the world’s most dominant economy, has $39 trillion in federal debt. This figure, which doesn’t include the $120 trillion in unfunded liabilities (related mainly to Social Security and Medicare) that the Congressional Budget Office estimates the U.S. will have…
