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post: FED'S DALY: **NEW TECHNOLOGIES OFTEN REALLOCATE LABOR, WITH A 'PAINFUL GAP' FOR SOME WORKERS **NO ONE KNOWS THE IMPACT OF GENERATIVE AI ON LABOR AND THE ECONOMY
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Japanese consumer confidence and Australian inflation are the main points of focus for markets in Asia on Wednesday, as investors ponder the broader implications of a widespread rise in bond yields. U.S. Treasury yields, the benchmark for global borrowing costs, rose to four-week highs on Tuesday in the wake of a weak U.S. debt auction, leading to a mixed ...