US inflation beats at 3.7%, sparks global tech selloff, Fed hawkish bets
Published 1 d ago9 sourcesEvidence: Reported
US equities opened cautiously higher on Friday, capping a week marked by a sharp rotation out of AI stocks, a broad Treasury bond recovery, and hotter-than-expected inflation data. The inflation surprise complicates the Fed's easing path, while the AI selloff signals a potential shift in market leadership. The mixed open reflects investor uncertainty over the sustainability of the bond rally and the impact of sticky inflation on rate expectations.
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