PremiumCitadel Macro Guru Warns "Infl-AI-tion Risks" Skewed To The Upside
Authored by Frank Flight, Macro Strategist, Citadel Securities,
The AI disintermediation narrative is driving macro markets, despite the economic data moving in the opposite direction. We offer some conceptual pushback to this idea at the macro level, and highlight that inflation risks in the near term seem tilted to the upside, largely because of the interaction of AI capex, a decline in immigration and tariffs.