![]() "That's mostly organic demand, and we haven't even turned on many promotions yet," Zuckerberg said in a Threads post announcing the milestone. ![]() Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform seen by analysts as the first serious threat to the Elon Musk-owned microblogging app. Meta Platforms' Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Meta has unveiled an app called Threads to rival Twitter, targeting users looking for an alternative to the social media platform owned by Elon Musk. This photo, taken in New York, Thursday, July 6, 2023, shows Meta's new app Threads. central bank's 2% goal, San Francisco Fed President Mary Daly said during an event at the Brookings Institution, giving voice to the most common view among her rate-setting peers at the Fed.īut, Daly added, while the risks of doing too little are still greater than those of overdoing it on rate hikes, the two sides are getting into better balance as the Fed nears "the last part" of its hiking cycle. "We're likely to need a couple more rate hikes over the course of this year to really bring inflation" sustainably back to the U.S. Fed policymakers opted last month to forego a rate increase to give themselves time to assess the still-developing effects of the previous hikes in borrowing costs, even as most also penciled in at least two more increases by the end of 2023. ![]() The Fed has raised interest rates by 5 percentage points since March 2022 to bring down the highest U.S. The Federal Reserve will likely need to raise interest rates further to bring down inflation that is still too high, but the end to its current monetary policy tightening cycle is getting close, several U.S. Eccles Federal Reserve Board Building is seen on Septemin Washington, DC. ![]()
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