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Goldman: AI spending overtakes Fed in shaping interest rates

Goldman Sachs has issued a report suggesting that the U.S. Federal Reserve is no longer the primary driver of interest rate changes, with AI-related capital expenditures now playing a significant role in shaping monetary conditions. This perspective comes amid Goldman’s projections of U.S. AI investment reaching $581 billion by 2026, with global totals nearing $1 trillion.

 » Read more about: Goldman: AI spending overtakes Fed in shaping interest rates  »

Social Security Trust Fund Nears 2032 Deadline As Some Republicans Consider Tax Hikes

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Some Republican lawmakers are becoming more open to raising Social Security taxes as the program faces a worsening financing shortfall, with the retirement trust fund projected to be depleted in 2032 and payable benefits potentially falling below scheduled levels.

 » Read more about: Social Security Trust Fund Nears 2032 Deadline As Some Republicans Consider Tax Hikes  »

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