Prediction: Here's How the Fed's Next Announcement Will Change Things for 3 Major Artificial Intelligence (AI) Players
AMDAMD(AMD) The Motley Fool·2024-08-27 20:19

Interest rate cuts are coming down the pike. Here's what it means for the AI sector.Few things have dominated the stock market narrative in recent years like the Federal Reserve. The central bank effectively controls interest rates, and its decision to ramp up rates in 2022 as fast as it had in more than a generation helped fuel the 2022 bear market.Rates have been steady for over a year now with the Fed funds rate hovering between 5.25% and 5.5%, but that is expected to change soon, almost certainly at the ...