The Economic Impact of AI Buildout, Surging Bond Yields

The surge in U.S. bond yields to two-decade highs has raised questions about what is causing it, how long it will last and how it will impact the U.S. economy. Although inflation has been well above the Fed’s 2 percent target this year, the rise in bond yields since late August has not been associated with an increase in inflation expectations. Instead, it is mainly attributable to a rise in real yields. Read Full Article »