Al Rally Hits Rate-Hike Wall As Inflation Spikes: This Week On Wall Street
The near-vertical AI-driven rally that pushed Wall Street to record highs — one of the fastest and most powerful snapback advances in modern market history — finally collided with a new reality this week: inflation is reaccelerating, and the bond market is beginning to price in the risk of another Federal Reserve rate hike. April consumer inflation rose to 3.8% year-over-year, the hottest reading since May 2023, as …
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