U.S. dollar

Here’s how AI could influence the Fed’s economic outlook

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Here’s how AI could influence the Fed’s economic outlook

Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and higher productivity and incomes have … Read more

Manhattan condo values fell over the past decade. Here’s why rents are still rising

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Manhattan condo values fell over the past decade. Here’s why rents are still rising

From July 2024 to July 2025, 1 in 3 condos sold in Manhattan sold at a loss, according to luxury real estate firm Brown Harris Stevens. Experts say this dynamic is somewhat typical in a city with high selling fees and high tax rates. What is unusual is the borough’s wavering property values over the … Read more