Federal Reserve’s Bowman says further rate cuts should be gradual, cautious

By: Federal Reserve Governor Michelle Bowman said on Friday she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks, and upcoming administration policies could slow the process and keep price pressures elevated.”Core inflation remains elevated, but my expectation is that it will moderate further this year. Even…

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8 times the impact of a Super Bowl: Report says ASU contributed $32B to Arizona’s economy

The ASU report’s findings are based on spending by visitors and students, business-to-business transactions and employee spending in the state. AI-assisted summaryArizona State University contributed an estimated $32 billion to Arizona’s economy from 2023 to 2024, a new report says.The university’s impact on the state’s economy is eight times greater than the Super Bowl, ASU…

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