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Why Rising Bond Yields Aren’t Throttling The Economy, For Now
Construction on data centers hasn’t been as sensitive to interest rate increases, and it’s buoying some consumer spending.Credit: George Frey / Bloomberg via Getty ImagesKey TakeawaysData center construction is shielding the economy from rate hikes by sustaining jobs in the construction sector.Rising bond yields are pressuring consumers with higher borrowing costs, but have not significantly impacted tech firms or stocks.Artificial intelligence adoption is boosting corporate earnings and productivity, supporting economic growth despite inflation risks.Borrowing costs are nearing multi-year…
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