Michael Reinking on Fed's "Confusing Story," AI's Lasting Demand Pulling Markets
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The Fed's 25 bps interest rate hike was expected, though the unanimous decision was not, says Michael Reinking. He highlights the "confusing story" he sees in what the FOMC projects to be a "timelier" return to 2% inflation. On the AI trade, Michael sees momentum very much intact, pointing to headlines from neoclouds like CoreWeave (CRWV) and Nebius (NBIS) signaling demand is going nowhere. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabn
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