KPMG chief economist Swoak said Wosh is unlikely to offer further explanation of
the Fed's decision at today's press conference. She suggested policymakers may
be concerned that tightening too quickly could do “damage” to the economy. She
flagged vulnerabilities in the AI boom: mid‑October saw a sharp tech-sector
sell-off, and scattered reports say lenders have grown more cautious about
extending additional funding to hyperscale companies for AI infrastructure — at
at least at previous valuation levels.
