Fed Holds and Big Tech Beats; US-South Korea Trade Deal
Bloomberg Daybreak: Asia Edition
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Economic Currents and AI Challenges
This chapter explores the Federal Reserve's stance on interest rates amid ongoing trade negotiations, particularly with South Korea. It highlights the implications of tariffs on the automotive sector, the dynamics of foreign investment in the U.S., and major tech earnings, notably in AI and cloud services. Moreover, the chapter raises concerns about the energy requirements of AI and the volatility in bond markets, suggesting a reevaluation of interest rate expectations.
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