Tani Fukui, senior director of economic and market strategy at MetLife Investment Management, said the US economy is “quite dependent” on AI as a growth engine. Bloomberg reported that a resurgence in oil prices dragged down stocks and bonds, stoking inflation concerns days ahead of the Federal Reserve’s interest-rate decision. Fukui discussed Fed communication and what upcoming data may show about US inflation.

The recent selloff in AI-linked stocks was described as a reminder that popular trades tend to be hit hardest when sentiment turns.