Bowman’s stance is really discouraging—she outright said there could be another rate hike in December. She says inflationary pressures are still there and the labor market is strengthening again, which basically means they’ll have to keep tightening.
The shittiest part is that she also warned that if AI doesn’t deliver strong returns, the stock market could see a major correction. That logic puts tech stocks and consumer spending in a bind, and the pressure feels intense.
$BTC
$ETH
$NVDA
#FederalReserve
#USInflation
The shittiest part is that she also warned that if AI doesn’t deliver strong returns, the stock market could see a major correction. That logic puts tech stocks and consumer spending in a bind, and the pressure feels intense.
$BTC
$ETH
$NVDA
#FederalReserve
#USInflation
