Concerns Over AI’s Impact on Economy

CNBC’s Fed Survey reveals growing fears among economists regarding the potential economic disruption caused by artificial intelligence. A significant 40% of respondents believe AI poses a serious risk to jobs and the economy, marking an increase from previous surveys.

Inflation and Interest Rates Insights

The survey indicates that inflation remains a top concern, with 60% of economists expecting rate hikes in the next 12 months. The Federal Reserve’s actions will be crucial in managing inflation expectations and ensuring economic stability.

Market Reactions and Future Outlook

Market analysts are closely watching the Fed’s next moves, as 50% of survey participants anticipate a recession by 2024. This sentiment reflects growing uncertainty in economic forecasts, as inflation and AI concerns loom large.