Macro· ★★★· neutral·

Warsh warns AI investors that interest rates still matter

  • —Fed kept its benchmark rate steady at 3.75%–4% amid elevated inflation and strong growth
  • —Warsh: rates affect directly or indirectly almost everything, including AI investment
  • —Widening credit spreads show investors are becoming more selective
  • —Marsh expects Treasury yields to fall as hike expectations moderate
Why it matters: The signal suggests tighter policy could cool AI investment and the related demand for crypto infrastructure and mining.
Source: Fortune Crypto