The potential impact of AI on interest rates and the economy
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Traders in the stock market are facing a challenging environment as they play a 'game of chicken' with the Federal Reserve over the central bank's commitment to higher-for-longer interest rates. Despite recent positive economic data, including strong third-quarter GDP growth and higher-than-expected inflation, traders remain skeptical that the Fed will follow through on its plans. Fed funds futures traders are currently pricing in a more than 70% likelihood of no action by the Fed in December. This widening gulf in expectations between financial markets and the Fed is causing volatility and uncertainty in the stock market.
The fate of the US economy and stock market this year will be determined by two consequential meetings: a sales conference on artificial intelligence in San Jose and a ...
#newstr #FederalReserve #RateCuts #AiStocks #StockMarket #InterestRates #Inflation #UsEconomy #PresidentialElection #Adobe #Technology