AI Capex Slowdown May Decide Whether September Fed Hike Is Last, Analyst Says

Cointime reports: Aptus Capital Advisors portfolio manager John Luke Tyner said in a note that markets should watch whether AI capital expenditure and data-center construction are affected after Democratic gains in state governor races, or merely shift to more policy-friendly states. He expects the investment to slow but by less than the market fears. Tyner said if inflation pressure stems mainly from energy prices and AI spending, September’s 25-basis-point hike was likely the last of the cycle.