Wall Street's record rally faces a new test as 'Trumpflation' concerns grow alongside AI-driven pricing pressures. Sticky core PCE inflation at 3.3% and rising Treasury yields raise fears that the Federal Reserve could hold interest rates higher for longer or hike rates, threatening high equity valuations.
Wall Street's record rally faces a new test as 'Trumpflation' concerns grow alongside AI-driven pricing pressures. Sticky core PCE inflation at 3.3% and rising Treasury yields raise fears that the Federal Reserve could hold interest rates higher for longer or hike rates, threatening high equity valuations.
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