What are the feds 3 tools of monetary policy

Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer) MANILA  -Expectations that the Bangko Sentral ng Pilipinas (BSP) will not raise its policy rate again in May are gaining ground with Monetary Board (MB) member and Finance Secretary Benjamin Diokno chiming in while Fitch Solutions added their voice to those who are expecting an additional increase of 25 basis points (bps). With the division firming up, the pause forecast is no longer an outlier with erstwhile lone voice Pantheon Macroeconomics joined by ING Bank and Goldman Sachs. Miguel Chanco, Pantheon Macroeconomics’ chief economist on emerging Asian markets, said the BSP’s move last week to raise its key rate to 6.25 percent represented a slowdown from two previous increases of 50 bps or 0.5 percentage point each. Chanco said the downshift was made possible by the slightly slower average 8.6-percent inflation in February, “which confirmed the peak of the headline rate in January.” As expected, … [Read more...] about Pause in BSP rate hikes seen

Share to Twitter Share to Linkedin TL;DR The Fed elected to raise base interest rates by 0.25 percentage points, sticking to the script despite financial uncertainty from the collapse of Silicon Valley Bank and Signature Bank AI continues to make headlines as both big and small tech companies release new products and features almost daily Crypto has been quietly picking up big gains, and some believe the current financial wobbles could mean it has further to run Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. And download Q.ai today for access to AI-powered investment strategies. Major events that could affect your portfolio A month ago, it was all but guaranteed that the Fed would be raising rates by 0.25 percentage points in their March meeting. Some analysts were even … [Read more...] about Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th

Share to Twitter Share to Linkedin Ainsley MacLean, MD, is Chief Medical Information Officer (CMIO) at the Mid-Atlantic Permanente Medical Group, Kaiser Permanente . Imagine you’re in line at your favorite coffee bar, waiting for your drink. You strike up a conversation with a friendly, extroverted stranger, and are immediately impressed by their seemingly limitless ability to improvise cute poems on a whim, yet somewhat bemused by their deadpan sense of humor and tendency to end statements with, “but be sure to seek expert advice.” This beguiling stranger’s name? ChatGPT. Looking at the new breed of AI tools including ChatGPT, BingGPT, Bard, Docs GPT, or any of the plethora of AI and heuristics-driven chatbots that are on the scene currently, the first thing you might notice is how incredibly crowded the field is. Experts predict that collectively, these products will profoundly influence the way we interact with all other technologies. … [Read more...] about ‘Making Friends’ With ChatGPT: A Guide To Best Practices For AI Interactions

MANILA  –The benchmark Philippine Stock Exchange Index (PSEi) tilted lower on Monday after Finance Secretary Benjamin Diokno said the Bangko Sentral ng Pilipinas (BSP) could pause its aggressive monetary tightening during its next policy meeting in May. The PSEi slipped 0.11 percent, or 7.14 points, to 6,595.03 while the broader All Shares index shed 0.08 percent, or 2.65 points, to 3,514.07. Diokno, a member of the BSP’s policymaking Monetary Board, expressed his personal views during the weekend, saying he favored “nonmonetary” measures to ease inflation moving forward. Last week, the BSP raised its benchmark policy rate by 25 basis points to 6.25 percent. Philippine central bank raises key policy rate by 25 bps Investors were mostly on the sidelines on Monday as 390.14 million shares valued at P3.63 billion changed hands. Foreigners were net sellers amounting to P11.92 million, stock exchange data showed. PSE subsectors mining and oil led gainers, climbing 0.35 … [Read more...] about PSEi slips as investors weigh possible end of interest rate hikes

Share to Twitter Share to Linkedin Chief Product Officer at GrammaTech , where he leads product strategy for the company’s application security testing product portfolio. Key performance indicators (KPIs) can be used in application security testing to measure the effectiveness of security testing and provide insight into the security posture of an application. Their purpose is to provide visibility into the effectiveness of an organization's application security testing program and to help identify areas for improvement. In a recent IDC survey (paywall) of mid-sized to large-sized software organizations, DevSecOps decision-makers identified the following as their top three KPIs for product security: 1. Vulnerability statistics 2. Compliance time and cost 3. Software build failures and delays Let's consider each of these in more detail. Vulnerability Statistics Vulnerability escape rate is a metric that measures the rate at which … [Read more...] about The Role Of KPIs In Product Software Security

Share to Twitter Share to Linkedin With President Biden’s veto of the Congress’s bipartisan joint resolution , ESG has been one of the hottest news stories in the financial world. Beyond the politics of it, proponents and opponents of the ESG push have their own reasons for staking out their positions. Would it surprise you to learn that self-interest plays a role? What is ESG and how does it work? At its most basic core, ESG is merely an extension of placing portfolio restrictions based on subjective, rather than accounting, factors. “Explained in simplest terms, ‘ESG’ stands for environmental, social and governance which is an investing strategy that takes into account a business’s environmental and social risks as part of a broader financial analysis,” says Rob Reilly, finance faculty at the Providence College School of Business and investment consultant at North Atlantic Investment Partners in Boston. How you use ESG will depend on how you … [Read more...] about Who Supports ESG Investing And Who’s Against It (And Why)

Share to Twitter Share to Linkedin Recently, we interviewed Long Ouyang and Ryan Lowe, research scientists at OpenAI . As the creators of InstructGPT – one of the first major applications of reinforcement learning with human feedback (RLHF) to train large language models – the two played an important role in the evolution of RLHF models and paving the way for GPT-4. Here are some highlights from the conversation. What's the motivation behind InstructGPT? And what are the problems with GPT-3 that inspired InstructGPT? Long Ouyang: I think one of the main issues we’re trying to solve is that when GPT-3 came out there was a lot of excitement about using it to do useful cognitive work, for example, summarizing a news article. Out of the box it’s not exactly designed to do that, it’s designed to predict what someone on the internet might say in a given setting. And it turns out that you can kind of trick the model into performing useful work for you … [Read more...] about Ten Questions With OpenAI On Reinforcement Learning With Human Feedback

Share to Twitter Share to Linkedin The Commodity Futures Trading Commission (CFTC) today issued a complaint against Binance, the largest crypto exchange in the world, alleging that the firm put profits over compliance and committed “numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.” Also mentioned were Changpeng Zhao, the Binance founder and CEO, and former Chief Compliance Officer Samuel Lim, who is cited widely throughout the complaint and allegedly orchestrated much of the malfeasance. Today’s filing is the latest in a series of questionable behaviors by the company. However, while the CFTC is seeking disgorgement of profits, civil monetary penalties, registration bans and a permanent injunction against violations of the CEA and CFTC regulations, the long-term impact of this filing is unclear. Specifically the document, filed today in the federal courthouse in Chicago, alleges that the company offered crypto derivatives, … [Read more...] about U.S. Regulator Says That Binance Illegally Helped Americans Trade On Its Exchange

Share to Twitter Share to Linkedin By Satta Sarmah Hightower Identity theft can upend someone’s life, both financially and emotionally. It’s a reality facing customers daily. Someone becomes a victim of identity theft every four seconds , reports the National Council on Identity Theft Protection. With increasingly sophisticated cybersecurity threats on the rise, companies have a responsibility to protect their consumers—and a big opportunity to deepen trust and loyalty if they get it right. To help businesses navigate this, we talked to Erik Nienaber, CTO and head of product at Iris Powered by Generali , a leading provider of identity and personal cyber protection solutions for businesses to offer to their customers. Below, he shares five tips to help companies bolster identity protection efforts and ultimately enrich the customer experience, build trust and boost business outcomes. 1. Assess Your Plan What’s your company’s approach to … [Read more...] about This Cybersecurity CTO Shares 5 Tips To Better Protect Your Customers

Share to Twitter Share to Linkedin Earlier this month, Beijing hosted the so-called “Two Sessions” gathering of officials from all over the country. There were some 3,000 delegates of the National People’s Congress (NPC), the country’s nominal legislature, plus an additional 2,000 members of the Chinese People’s Political Consultive Conference (CPPCC), an advisory body. Though mostly a rubber stamp for the decisions of Xi Jinping and the close allies he put into place earlier, the announcements made in the last few weeks make clear Chinese leadership’s priorities and plans. President Xi talked a lot about putting people first. All leaders do, communist or elected. He described the people as the decisive force for building China. He added that by people he meant all peoples and ethnic groups in China. Despite this predictable boiler plate, the plans he and his fellow speakers advanced placed their emphasis elsewhere – on the military and on what could be … [Read more...] about Beijing Tells The Faithful What Its Leaders Want