GPT-4 was released this week, and it is powerful. It scored higher on the Bar Exam than 90% of humans, aced AP tests, and got a 1410 on the SAT, according to OpenAI. In a demonstration by OpenAI’s president, GPT-4 also analyzed an image, turning a sketch of a website […] Read more »
Consumer sentiment: Positive business outlook outweighs unemployment concerns
Consumer sentiment lifted for the third straight month in February, rising a modest 3% above January, supported by a 12% improvement in consumers’ outlook over the economy for the year ahead, according to the University of Michigan Surveys of Consumers. However, sentiment remains well below its historical average; in spite […] Read more »
The State of the State of the Union
President Biden relayed a largely upbeat and optimistic report for his State of the Union address to Congress this week. His message focused on jobs and the economy directing energy towards infrastructure in his speech and flexing some rhetorical muscle at China. While trying to paint a rosy picture, he […] Read more »
Americans not feeling impact of Biden agenda, Post-ABC poll finds
Two years into a presidency that the White House casts as the most effective in modern history, President Biden is set to deliver a State of the Union address Tuesday to a skeptical country with a majority of Americans saying they do not believe he has achieved much since taking […] Read more »
Americans Pessimistic About Inflation, Stock Market
Americans are more likely to predict negative rather than positive outcomes for five key aspects of the U.S. economy over the next six months. Higher inflation, unemployment and interest rates, as well as reduced economic growth and stock market values, are all expected. CONTINUED Megan Brenan, Gallup The OPINION TODAY email […] Read more »
Short-Term Inflation Expectations Continue to Decline, Tick up Slightly in Longer Term
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term. Longer-term inflation expectations edged up slightly. Household spending expectations fell sharply […] Read more »