Bill’s Commentary:
“Will history look back upon today as the Fed “pulling the pin”?”
Will history look back upon today as the Fed “pulling the pin”?
WASHINGTON — Federal Reserve policymakers responded to stubborn inflation by opting to raise their benchmark for short-term interest rates for the first time in three years on Sept. 16, just days after President Donald Trump said the United States should have “the lowest interest rates in the world.”
The vote was unanimous among the Federal Open Market Committee’s 12 voting members.
The federal funds rate now stands at a range of 3.75% to 4% — a quarter percentage point higher than before. The Fed typically raises rates to tame inflation by making borrowing more expensive, which can lead to less demand and eventually lower prices. Raising the target range also means consumers will likely see higher interest rates on things like credit cards and personal loans.
Bill’s Commentary:
“Question; what happens to your electronic balances when a rogue AI hacks into the financial system? GOTS! (get out of the system)”
ChatGPT Straight Up Tries to Gaslight User After Being Confronted About Its Obviously Wrong Answer
Don’t ask an AI chatbot how many letter e’s there are in the word “seventeen.” Or do, actually, if you want to see how dodgy the tech remains.
In a clip that’s gone viral in AI circles, the content creator who goes by “Husk” asks ChatGPT’s Voice mode to answer this simple counting question. Not only does the confident-sounding AI get it wrong — insisting there’re only three e’s instead of four — it doubles down so vehemently that it effectively tries to gaslight the user.
Bill’s Commentary:
“All eyes on this!”
https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield
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