Latest / The Financial Exchange Show
AI Spending Keeps the Economy Hot as Rates Rise
Interest rates are still climbing, mortgage rates have crossed 7.5%, and the labor market remains tight despite signs that some workers are struggling to find new jobs.
Mike Armstrong and Paul Lane discuss why the bond market remains under pressure, how the AI buildout is keeping parts of the economy running hot, and why higher rates are hitting housing and traditional businesses harder than data centers and chipmakers. They also break down long-term unemployment, McKinsey’s warning that AI could force millions of workers into new roles, IRA mistakes that can be difficult to undo, Vail’s weak…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.