Higher Rates Still Can’t Slow AI

Stocks are hitting new highs, bond yields are easing, and oil prices are moving lower, but the bigger question remains whether higher interest rates are actually slowing the parts of the economy driving growth.

Mike Armstrong and Marc Fandetti discuss Scott Bessent’s credibility problem, why Treasury credibility may matter more in a crisis, and whether history is a useful guide for today’s interest rate environment. They also break down how higher borrowing costs are starting to affect corporate America, why AI data center spending appears largely resistant to higher rates, how wealthy retirees are approaching retirement savings and taxes, and why lower crude oil prices have not yet brought meaningful relief for diesel.