Why the Fed’s Inflation Fight Just Got Harder

Markets are ending the week on a stronger note as oil prices retreat below $100, but inflation concerns remain firmly in focus as Kevin Warsh takes over as Federal Reserve Chair.Mike Armstrong and Marc Fandetti break down why the Fed may face a much harder policy environment than markets expect, with AI spending driving growth, energy prices still pressuring inflation, and questions building around whether Warsh can establish credibility as an inflation fighter. They also discuss the growing concentration of tech in the stock market, the risks of assuming AI will quickly boost productivity, why bond and portfolio allocation decisions should be based on individual needs rather than rules of thumb, and why dividend investing has struggled in a market dominated by large-cap growth stocks.