Daly: We have 75 basis points roughly to go until we get to neutral

FED’S DALY: AI INVESTMENT COULD LIFT DEMAND AND ADD TO INFLATIONARY PRESSURES, WHILE PRODUCTIVITY GAINS ARE DISINFLATIONARY; IMPACT DEPENDS ON TIMING. FED’S DALY: INFLATION REMAINS ABOVE TARGET AND HOUSEHOLDS ARE FEELING FINANCIAL STRAIN. ... Fed's Daly: Too far to link productivity growth all to AI, but something is definitely happening in productivity. FED'S DALY SAYS WORKER ANXIETY IS ELEVATED BUT AI ISN'T TAKING ALL JOBS Breaking | Federal Reserve's Daly Confirms AI is Not Currently Used in Monetary Policy Decisions.

Iran’s Foreign Minister Araghchi: There is good progress on talks with the US *ARAGHCHI: REACHED GENERAL AGREEMENT ON SET OF PRINCIPLES - BBG *IRAN'S ARAGHCHI: HAD 'SERIOUS, CONSTRUCTIVE' TALKS WITH US *OIL PRICES QUICKLY FALL TO SESSION-LOWS, BRENT DOWN 1.9% IRAN'S FOREIGN MINISTER: IRAN AND US HAVE CLEARER PATH TO MOVE FORWARD IRAN'S FOREIGN MINISTER: DATE OF NEXT ROUND OF US TALKS NOT YET DECIDED ...

The Federal Reserve must dig deep into the data to assess whether artificial intelligence is boosting productivity growth and enabling faster economic growth without igniting inflation that would require it to tap the brakes with tighter policy, San Francisco Fed President Mary Daly said on Tuesday. The Trump administration says that's already happening, ...