On AI, Payrolls & Global Economy

AI’s power to transform operations in nearly every industry is bound to feed the productivity growth boom we expect, the crux of our Roaring 2020s scenario. But the unbridled propagation of AI poses some challenges. Dr. Ed looks at the AI question from multiple angles, noting prudent precautions to using AI—like restricting its access to unvetted Internet content. … Eric warns that the financial markets may be overly confident that the Fed will cut rates after September despite the strong economic data we expect for August. … And Melissa shares an update on the global export landscape.