Macro Finance
Tech Selloff Could Ease Pressure on the Fed
Bloomberg Markets·November 1, 2026·1 min read
A cooling in AI investment could ease pressure on the Federal Reserve, according to BMO Capital Markets economist Jennifer Lee. Heavy AI spending has driven interest rates and inflation higher, while a slowdown may help the Fed. Lee notes the US economy remains robust but consumer spending and wage growth are softening, with fresh labor data and tech earnings awaited.
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