In a widely anticipated move, the US Federal Reserve agreed to hold interest rates steady after 10 consecutive increases, but surprised with a forecast of two more quarter-point hikes in its economic projections this year. How are markets reacting to news of this renewed hawkish stance? Dan Koh and Sean Cheong dive into the details.

They also find out if the stocks squeezing the S&P 500 higher, bouncing off the AI theme, have what it takes to tamp down inflation or simply, just a bubble waiting to burst.