Circle Squared Alternative Investments founder Jeff Sica discusses the selloff hitting AI stocks, concerns over lofty tech valuations and whether persistent inflation could push the Federal Reserve toward another interest rate hike.
Jeff Sica from Circle Squared Alternative Investments joins Stuart Varney to analyze market volatility and rising treasury yields. Sica warns that stagflation presents a major nightmare for the Federal Reserve as it balances employment and inflation. He predicts the central bank will implement a 25-basis-point interest rate hike to address persistent economic pressures.
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