Automation Is Here More than half of U.S. companies are planning to use AI to automate work that has traditionally been done by humans over the next year, according to a survey of Chief Financial Officers conducted by Duke University and the Federal Reserve Banks of Atlanta and Richmond. Three out of five of the…Read more
Aging Gracefully The mid-year outlook is always an interesting combination of a report card and a progress report. It’s a time to review our annual outlook and see what has materialized as expected and what hasn’t. It’s also a time to check in on year-to-date market activity, economic developments, and to recalibrate an outlook for…Read more
Animal spirits carried the stock market to a new all-time high in May. Risk sentiment returned in a big way in May, with stock indexes setting new all-time highs. Economic data came in mixed, as the latest nonfarm payrolls report showed fewer jobs added than expected while some inflation data remained hot. The latest batch…Read more
