Why Are Risk Assets Rallying? And When AI Falls in Love 2/16/23

There are plenty of reasons to believe the Fed when it says rates will stay “higher for longer” – hot inflation, a strong consumer, and the talk from all those central bankers. Then why don’t risk assets want to believe what they’re hearing? Plus Bing’s AI-powered chatbot is showing its feelings – and it’s not always pretty. What one reporter learned from his interactions with Microsoft’s bot.

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