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Fed Faces Inflation Test as AI Spending Doubts Grow
Kevin Warsh is heading into his next Fed meeting with inflation pressures rising again, interest rates holding near recent highs, and investors watching to see whether his tough talk will turn into action.
Mike Armstrong and Marc Fandetti break down why the Fed may have a harder time arguing that interest rates are restrictive, how renewed Middle East tensions are keeping pressure on oil, shipping, and inflation expectations, and why Warsh’s credibility could determine how long the Fed can wait before tightening policy. They also discuss whether the massive AI spending boom will actually pay…
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