Main Street Macro: The next Fed rate cut might disappoint

 

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July 22, 2024

MainStreet Macro: The next Fed rate cut might disappoint. Here’s why.

The recent slowdown in inflation has left market watchers more confident that Federal Reserve policymakers will cut interest rates at least once this year. What’s harder to predict is how those rate cuts might affect the economy.
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Chart showing that workers in Latin America are more likely to think that AI will help them in the workplace than in other regions.
Chart showing that workers in Latin America are more likely to think that AI will help them in the workplace than in other regions.
Worker sentiment Workforce development AI/ML Demographic trends

June 10, 2024

Most workers think AI will affect their jobs. They disagree on how.

by Ben Hanowell • Nela Richardson, Ph.D.

The ADP Research Institute survey asked nearly 35,000 private-sector workers in 18 countries what role they think AI will play in their work over the next few years.
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Worker sentiment AI/ML

June 10, 2024

Linking generative AI exposure to worker sentiment: It’s complicated

by Ben Hanowell

We use a global survey to examine whether remote workers in industries highly-exposed to generative AI are nervous about it.
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Architecture of a transformer built by ADP Research Institute that predicts wage percentiles from job title. Model not used in any ADP product.
Architecture of a transformer built by ADP Research Institute that predicts wage percentiles from job title. Model not used in any ADP product.
Data fluency AI/ML

June 29, 2023

When using AI to predict pay, context matters

by Tim Decker • Ben Hanowell

We built an algorithm to predict wages from job titles. Our findings reveal the promise and pitfalls of artificial intelligence as a way to study the labor market.
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