US inflation is easing, productivity is surging, and Stephen Miller says the long‑predicted “AI jobs apocalypse” is nowhere in sight. With the labour market holding firm and disinflation gathering pace, Miller argues the Fed may not be done with rate cuts just yet.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

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