In a new article with Bloomberg, BWC Chair Bill Dudley discusses elevated valuations in the U.S. stock market and the possibility of a downturn by the end of 2027. He suggests that slowing investment, weaker corporate earnings, rising interest rates, and growing financial risks could put pressure on markets. While AI is expected to have a lasting impact on the economy, Dudley notes that the current investment boom could eventually lead to excess capacity and lower stock prices.

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