Could Stubborn Inflation Cause the Generative AI Bubble to Finally Burst on Wall Street?

This story was originally published on HackerNoon at: https://hackernoon.com/could-stubborn-inflation-cause-the-generative-ai-bubble-to-finally-burst-on-wall-street.
Although US markets have become accustomed to high inflation data, there had been optimism that 2024 would see multiple Federal Reserve rate cuts taking place.
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Although US markets have become accustomed to high inflation data, there had been optimism that 2024 would see multiple Federal Reserve rate cuts taking place as inflation cooled.