Hi. I'm Phil Rosen. Today's newsletter covers everything you want to know about how the viral ChatGPT language tool is colliding with the world of Wall Street.
But first let's recap the Fed's 25-basis-point interest rate hike.
Lundy Wright, partner at Weiss Multi-Strategy Advisers and longtime Fed watcher, told me the key from Wednesday was Jerome Powell's emphasis on financial conditions being tighter now compared to a year ago.