Analyst: A slowdown in AI capital spending could affect the Fed's rate-hike outlook and U.S. Treasury yields

According to 深潮 TechFlow, on November 5, John Luke Tyner of Aptus Capital Advisors said in a report that after Democrats made gains in gubernatorial elections, the market still needs to watch whether AI capital spending and data center construction will be affected or simply shift to states with friendlier government policies. The portfolio manager and head of fixed income said, "I think related investment will slow, but the slowdown may not be as large as the market fears." Speaking on whether the Fed will raise rates further, Tyner said, "If the main inflation pressures come from energy prices and AI spending, then the 25-basis-point rate hike in September is likely the last of this rate-hiking cycle." He also said that a government stalemate typically weighs on GDP growth, which could open room for further declines across the entire yield curve. (金十)

Source: 深潮 TechFlow