WS #13556
Fed's July FOMC statement shows 3 dissents for a hike, and Waller's speech highlights core PCE at 3.4%, indicating persistent inflation and a hawkish tilt that pressures growth assets. SpaceX reported revenue beat but AI capex surged to $18.4B (80% AI), stock fell 11% in extended trading, and the first lock-up expiry is imminent, pressuring the AI trade and related tech names.
Fed hawkish stance and inflation
Fed's July FOMC statement shows 3 dissents for a hike, and Waller's speech highlights core PCE at 3.4%, indicating persistent inflation and a hawkish tilt that pressures growth assets.
SpaceX reported revenue beat but AI capex surged to $18.4B (80% AI), stock fell 11% in extended trading, and the first lock-up expiry is imminent, pressuring the AI trade and related tech names.