Bloomberg Surveillance · Wednesday, October 28, 2026
Jeff Rosenberg of BlackRock points out that Chair Warsh focused heavily on financial conditions and their connection to AI interest rate sensitivity. He notes that the market is treating the AI trade as a macro event with disinflationary implications.
“The third point I'd highlight is I think the most important thing that we took out of this discussion and the Q & A was a lot more discussion on financial conditions.”
“So if there is some wobbles there, I think maybe not the Fed put in that it can work, but certainly what we saw this month was the market sort of sniffing out that AI is a macro event as much as it is a micro event.”