At a recent conference, John Williams from the Federal Reserve Bank of New York expressed optimism about a potential interest-rate increase this year, suggesting inflation could hit the 2% goal by next year. He cited the role of artificial intelligence in affecting inflation rates while also addressing the sector’s supply-demand imbalance.
US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like
October 13, 2026