u/NineteenEighty9

From the article:

The core personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month. The core annual reading was the highest since October 2023.

The Fed’s primary inflation gauge also showed an annual rate of 4.1%, the highest since April 2023.

Even with the elevated inflation levels, consumer spending for the month came in stronger than expected. Personal consumption expenditures rose 0.7% for the month.

Also, gross domestic product, the broadest measure of growth, rose at a seasonally adjusted annualized pace of 2.1% in the first quarter, up 0.5 percentage point from the prior reading.

Hello everyone,

Our society is undergoing many profound shifts, advanced systems have become increasingly capable.

The challenge we face, in my view, is the growing gap between the speed of technological development and the speed at which our society adapts to these changes.

Governments require time to adapt
Courts require time to adapt
Educational institutions require time to adapt
Labour markets require time to adapt

Nations, communities and cultures around the world require time to understand and adapt to the profound changes taking place.

For this reason, I believe the international community should consider coming together in the spirit of cooperation to develop a Framework to help our civilization adapt and navigate these changes.

This is an opportunity to come together to prepare for the profound transition that may lie ahead.

The future will arrive. The wise approach would be ensuring our institutions arrive with it.

Cheers.

Trillions of dollars are set to pass from founders to younger generations worldwide.

Heirs favored diversified assets, private markets and cryptocurrencies over traditional holdings.

Advisers warned that family disputes remained the biggest threat to preserving wealth.