Tech Selloff Could Ease Pressure on the Fed
BMO Capital Markets Senior Economist and Managing Director Jennifer Lee tells Bloomberg This Weekend that heavy AI investment has helped drive interest rates and inflation pressures higher, while a cooling in the sector could make the Federal Reserve’s job easier. Speaking with hosts David Gura and Lisa Mateo, Lee says the US economy remains robust but points to softer consumer spending and wage…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
