Macro Briefing: 18 July 2024

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* Fed Gov. Waller says central bank ‘getting closer’ to an interest rate cut * US Q2 GDP nowcast revised up to +2.7% vs. 1.4% in Q1 via GDPNow model * Federal Reserve’s Beige Book suggests economy is slowing * US industrial production rose more than expected in June * US housing starts rose in June, but remain near 2-year low:Among the key reasons that the Federal Reserve has been relucta...

How Deloitte Italy built a digital payments fraud detection solution using quantum machine learning and Amazon Braket

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This post demonstrates the potential for quantum computing algorithms paired with ML models to revolutionize fraud detection within digital payment platforms... We share how Deloitte built a hybrid quantum neural network solution with Amazon Braket to demonstrate the possible gains coming from this emerging technology... The promise of quantum computing Quantum computers harbor the potential t...

Amazon SageMaker unveils the Cohere Command R fine-tuning model

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It targets the scalable category of models that balance high performance with strong accuracy, enabling companies to move beyond proof of concept and into production... The model boasts high precision on Retrieval Augmented Generation (RAG) and tool use tasks, low latency and high throughput, a long 128,000-token context length, and strong capabilities across 10 key languages...AWS announced the ...

Derive meaningful and actionable operational insights from AWS Using Amazon Q Business

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As a customer, you rely on Amazon Web Services (AWS) expertise to be available and understand your specific environment and operations... This post shows how to use AWS generative artificial intelligence (AI) services, like Amazon Q Business, with AWS Support cases, AWS Trusted Advisor, and AWS Health data to derive actionable insights based on common patterns, issues, and resolutions while using...

US GDP Nowcast Reflects Slow Growth For Upcoming Q2 Report

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The expansion is expected to continue via the government’s data, but today’s revised nowcast for Q2 suggests that output will remain more or less comparable to Q1’s modest increase, based on the median estimate for a set of projections compiled by CapitalSpectator... The June 7 estimate anticipated a 1... Today’s estimate suggests that the US recession risk is still low... For example, th...

Macro Briefing: 17 July 2024

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* IMF lowers its 2024 economic growth forecast for US * A new era for the US dollar may arrive with a Trump-Vance administration * Trump says, as president, he would let Fed Chair Powell to finish his term * US homebuilder sentiment falls in July to lowest level since December * US retail spending was flat in June, but… * Retail sales ex-autos rise 0...4%, biggest monthly gain since April:Reb...