April 25, 2022
In a bid to curb inflation, the Federal Reserve is likely to raise US interest rates by 0.5% at its May meeting. Chairman Jerome Powell also hinted that further rate hikes would follow. The May rise coupled with the quarter percentage point increase last month would be the first time since 2006 that the Fed has hiked the interest rate in consecutive meetings. Criticized by analysts for being slow to tackle inflation, the Fed has said it will begin reducing its $9 trillion asset portfolio by summer — a further effort to reduce stimulus and prices that have hit a four-decade high. We look back at those 40 years of the Fed’s efforts to battle inflation through rate hikes.
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How will artificial intelligence reshape the global workforce, and who will be ready for it? Speaking at the United Nations, Doreen Bogdan-Martin said the rapid growth of AI will transform jobs worldwide, making large-scale workforce training essential. “We’ve seen estimates that 170 million new jobs will be created; maybe 90 million jobs will be lost,” she said. “So how do we ensure that we’re prepared?”
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AI is moving fast, but not everyone is moving with it. Inside the UN, global leaders debate how to close the widening AI divide.
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Women drove nearly 3x more job growth than men last year — but the story doesn’t end there. Wage momentum is slowing, and spending patterns are shifting. What does that mean for the broader economy? Explore the latest insights from Bank of America Institute.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
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