J.P. Morgan Asset Management: AI Capex Cycle Shields U.S. Economy From High Rates

Sylvia Sheng, multi-asset solutions lead portfolio manager at J.P. Morgan Asset Management, stated that high policy rates will not derail the U.S. economy, which is supported by a largely rate-insensitive artificial-intelligence capital expenditure cycle. She also noted that financial conditions remain supportive with tight credit spreads.