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• US Interest Rate Cuts

• Google

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Economy & Finance

US Interest Rate Cuts

Federal Reserve Chair Jerome Powell indicated that future interest rate cuts are likely to be smaller, following the recent half percentage point reduction. Speaking in Nashville, Powell emphasized a data-driven approach to balance reducing inflation and supporting the labor market. He mentioned that two additional quarter-point cuts could be expected this year if economic conditions remain steady, contrasting with market expectations for more aggressive easing. Powell also expressed confidence in economic strength and continued inflation reduction, though housing-related inflation remains a concern.

Technology

Google

Google has announced a $1 billion investment into Thailand, aimed at establishing a new data center in Chonburi and expanding the country's cloud infrastructure. This is part of Google's strategy to boost its presence in Asia, with a focus on artificial intelligence (AI) technologies. The investment will support services like Google Cloud, AI innovations, and popular Google tools such as Google Search and Google Maps. Additionally, the company aims to enhance opportunities for businesses and education in Thailand as AI continues to transform industries. Google faces increasing competition from companies like Microsoft and OpenAI in both AI and cloud computing markets.

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