The Fed is closely monitoring employment rates and data, especially after Labour Day, amidst pressure from the administration. Wall Street anticipates the FOMC meet, expecting steady rates but keenly watching for commentary on potential September rate cuts.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays