GEOPOLITICS | PNC’s Agati Says Energy Inflation Puts Fed in a Tight Spot

PNC Chief Investment Officer Amanda Agati said the Federal Reserve faces a difficult decision as energy-driven inflation pushes markets toward expectations for higher rates, warning that further tightening could risk a policy error, according to Bloomberg. Agati also told Bloomberg This Weekend hosts David Gura and Christina Ruffini that investors are adjusting to the prospect of a longer Iran war, while strong corporate earnings have pushed concerns about AI spending further into the background.