On The Daily (OTD) - 10th October 2024

Top Stories Today: US Inflation and Microsoft.

Table of Contents

Top Stories Today

Economy & Finance

US Inflation

U.S. consumer prices rose more than projected in September, with inflation growing at its slowest annual pace in over three years. This outcome could influence the Federal Reserve's stance on future interest rate adjustments. The consumer price index increased by 0.2% for the month, while year-over-year inflation was at 2.4%, lower than recent months. Economists had anticipated a slightly smaller rise, prompting reactions in various financial markets, with Treasury yields climbing and stock futures edging downward. This data suggests that while inflation is cooling, it may not decrease rapidly enough to prompt immediate rate cuts, as the Fed considers broader economic indicators.

Technology

Microsoft

Microsoft has introduced new health-care tools designed to leverage artificial intelligence for enhanced efficiency in medical environments. Among the innovations are medical imaging models, a health-care agent service, and an automated documentation solution tailored for nurses. These tools, which aim to assist health-care providers in reducing administrative tasks and improving workflow, are currently in early testing stages with several organizations, including Stanford Health Care and Northwestern Medicine. The announcement reflects Microsoft's continued push to establish a presence in health-care AI, building on its previous $16 billion acquisition of Nuance Communications. The new tools will be available in preview, allowing health organizations to test their functionality before broader release.

Thanks for reading, subscribe to The Standard Lens for more.