All year long, Wall Street braced for the impact of something big – which never happened. There have been daily warnings about the artificial intelligence (AI) bubble. Recession fears persisted. Tariff threats have resurfaced. Bond yields rose, fell, then rose again. Currencies have fluctuated. The Federal Reserve has been at the center of the turmoil, facing political pressure in a volatile economy, with debate over cutting interest rates fueling tensions.
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