Investor excitement over the rise of artificial intelligence may be obscuring some serious risks facing the US economy today.
But underneath it all is a US economy faced with some bleak realities, painting a picture of stark contrast with the bullishness of the stock market.High interest rates And while the Fed has succeeded in lowering inflation significantly and left rates unchanged this month, it still signaled two more 25-basis-point increases by year-end. The annual pace of consumer-price increases has fallen to 4% from last year's peak of 9.1%, but still remains twice the central bank's 2% target.
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