Fed Concerns With AI Stock Rally, This Tech Firm Eyes 325% Earnings Growth In 2024 And More
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Why The Federal Reserve Is Getting Nervous About The AI Stock Rally
Federal Reserve Chairman Jerome Powell, at his latest news conference, offered at least five reasons why policymakers chose at their Jan. 31 meeting to punt on Fed rate cuts for a while. Yet he left out what may be the most straightforward explanation: the S&P 500's historic AI-driven tear — and the risk of fanning the flames.
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