AI Stocks Soar, Complicating Fed's Plans to Curb Inflation
- AI stock hype may prevent Fed from cutting rates in 2023, says economist Torsten Slok
- Rally in tech stocks eases financial conditions, countering Fed tightening efforts
- Slok believes Fed may not cut rates at all this year due to market frenzy
- AI bubble makes Fed's job harder as tech gains ease conditions
- Higher for longer rates could spark volatility if debtors struggle with repayment