Big Bank Forecasts Miss Again as AI and Fed Risks Build

Wall Street keeps updating its forecasts but the results rarely match reality.Paul Lane and Marc Fandetti break down why major banks continue to raise and lower market targets after the fact and what that says about how useful these forecasts really are.Also covered:Why stock market targets often follow price instead of predict itConcerns about Fed policy and the push to lower interest ratesThe risks of relying on AI productivity assumptions in economic policyWhat Apple’s leadership transition means for its AI strategyShifts in consumer behavior as companies adjust pricingFrom flawed forecasts to policy risks to AI driven change, this episode breaks down the forces shaping the economy right now.