Warsh said the AI boom is not necessarily inflationary. Then AI stocks dumped anyway. HERE's the full fomc update. The FED held at 3.50%-3.75%. The interesting part was what warsh said about ai before the dissent drama landed. Warsh pushed back on the narrative that the AI investment surge is driving persistent inflation, arguing the boom won't necessarily lead to sustained price pressures. Markets didn't care. ai infrastructure, semiconductors, and data center stocks were the biggest casualties in the 30 minute window after his speech. The results 30-year treasury yield spiked to its highest since 2007. dow dropped 1,100 points. September hike odds are now repricing higher.
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