A chatbot with uncanny human-like writing abilities has become the poster child for artificial intelligence (AI) since it was released in late 2022, inspiring new levels of attention, excitement, and concern about recent advances in this life-changing technology. As the race among tech companies to monetize AI picks up speed, it's worth considering how widespread adoption of AI-enabled technologies might affect the economic prospects of workers and businesses.

As we enter the third quarter of 2023, there are several trends we can use to provide some perspective on current events. We take a look at rate increases nearing an end, job market strength, inflation outlook, and how rebalancing helps tax-loss harvesting.

Surveys show that many Americans worry about the states of Social Security and Medicare, two programs facing serious fiscal challenges that require Congressional action.