Moon Pursuit Capital: Sticky Inflation May Limit Fed Support for Tech Stocks

Cointime reports: Moon Pursuit Capital founder and managing partner Utkarsh Ahuja said persistently high inflation could constrain the Federal Reserve’s ability to provide monetary policy support even if tech stocks weaken. He pointed to recent remarks by San Francisco Fed President Mary Daly on possible further rate hikes as a reminder that investors should not assume a near-term Fed backstop. Ahuja said higher financing costs and longer approval cycles could lower returns on capital-intensive AI projects even when demand meets expectations.