Painful memories of the dot-com bubble! AI turmoil "interrogates" the Fed: Will it dare to raise rates this year?

Even for the most seasoned Wall Street traders, it is rare to open their trading terminals and see long-end U.S. Treasury prices surge by a full 2 big points (meaning 2% of face value), but that is exactly what unfolded in the market last nightthe benchmark 10-year Treasury yield plunged by 19 basis points in a single day, the largest one-day drop since the Silicon Valley Bank collapse in early 2023. And the turmoil in the AI sector seems to have sharply increased the likelihood of this possibilitythe Federal Reserve may not dare to raise rates again this year?