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Powell: Asset costs ‘elevated by many metrics’ with ‘good half’ of that on account of AI, tech

StockWaves By StockWaves 1 Min Read
Powell: Asset costs ‘elevated by many metrics’ with ‘good half’ of that on account of AI, tech


Jan. 29, 2025 6:21 PM ETS&P 500 Index (SP500)SPY, AAPL, IVV, RSP, OEF, XLG, XLK, IXN, IYW, VGT, MSFT, SH, SSO, SDS, RSPT, MGK, UPRO, VOO, META, FTEC, SPXU, FNGS, MAGSBy: Anuron Mitra, SA Information Editor

Federal Reserve chair Jerome Powell on Wednesday stated asset costs are “elevated by many metrics” and chalked up a very good portion of that to the valuations of know-how and synthetic intelligence (AI) shares.

Powell’s remarks got here simply two days after

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