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AI Minister Backs Anthropic’s ‘Responsible’ Mythos Rollout as Regulation Tightens

  Artificial Intelligence Minister Evan Solomon will meet with Anthropic leaders in response to concerns about the company’s new AI model. Canada’s Artificial Intelligence Minister says Anthropic is taking a “responsible and safety‑first approach” with its newly announced Mythos model family — a comment that comes as governments worldwide race to regulate rapidly advancing AI systems. According to public statements, the minister highlighted Anthropic’s emphasis on model transparency, safety evaluations, and controlled deployment , noting that these practices align with Canada’s push for clearer AI accountability standards. While the remarks were not tied to any specific policy change, they signal growing government interest in how frontier AI models could affect everything from cybersecurity to labour markets. For markets, the reaction has been modest but notable. AI‑linked equities — particularly cloud providers and chipmakers — saw small early‑morning gains , reflecting inves...
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Fed Poised to Cut Rates Again Amid Data Blackout and Economic Uncertainty

Federal Reserve Chair Jerome Powell has said the Fed will be taking a "meeting by meeting" approach to interest rate cuts. 

Despite a prolonged government shutdown that has left key economic indicators unavailable, the U.S. Federal Reserve is widely expected to implement another interest rate cut at the conclusion of its October 29 policy meeting. This would mark the second rate reduction in 2025, lowering the federal funds target range to 3.75%–4.00%.

The central bank’s decision comes as it navigates a murky economic landscape. With the Bureau of Labor Statistics unable to release September’s jobs report and other vital data due to the shutdown, Fed officials are relying on private-sector surveys and anecdotal evidence to guide policy. Former Kansas City Fed President Esther George noted that in the absence of official figures, the Fed is leaning on alternative sources that support its rationale for easing rates.

Inflation data, one of the few government metrics still available, showed a modest rise of 3.0% year-over-year in September, slightly below forecasts. Core inflation also eased, suggesting some cooling in price pressures. This has bolstered expectations for a rate cut, as the Fed seeks to balance its dual mandate of price stability and maximum employment.

Federal Reserve Chair Jerome Powell emphasized a “meeting-by-meeting” approach, acknowledging the risks of acting without comprehensive data. “There is no risk-free path,” Powell said earlier this month, highlighting the challenge of making policy decisions in a data vacuum.

The anticipated rate cut is expected to ease borrowing costs for consumers and businesses, potentially stimulating economic activity. However, analysts warn that without clear visibility into labor market trends and consumer spending, the Fed’s move could carry unintended consequences.

As the shutdown enters its fourth week, the Fed’s decision underscores the delicate balance between proactive monetary policy and the need for reliable data. Whether this cut will stabilize the economy or introduce new volatility remains to be seen.



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