The Unlikely Duo Rethinking Wearable Technology

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

CHRISTOPHER RUGABER
November 26, 2024

WASHINGTON (AP) -- With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

Even if inflation continued declining to the Fed's 2% target, officials said, "it would likely be appropriate to move gradually" in lowering rates, according to minutes of the November 6-7 meeting.

The minutes don't specifically provide much guidance about what the Fed will do at its next meeting Dec. 17-18. Wall Street investors see the odds of another quarter-point reduction in the Fed's key rate at that meeting as nearly even, according to CME Fedwatch. Most economists think officials will probably cut rates next month for the third time this year, but could then skip cutting at following meetings.

In September, the Fed signaled it would reduce its key rate as many as four times next year, but since then investors and economists have come to expect fewer cuts. The economy is growing at a solid pace, inflation is showing signs of getting stuck above the Fed's target, and President-elect Donald Trump's proposals, particularly higher tariffs, could also accelerate inflation.

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