FED POLICY RISKS AI-FUELED STOCK BUBBLE, BCA WARNS BCA Research warns Federal Reserve risks inflating a stock bubble by underestimating AI-driven inflation and keeping rates too low. Peter Berezin says AI is pushing up costs such as electricity and memory chips, while rising equities fuel spending. Long term effects are uncertain but may lift real rates. Stocks are overbought, not bear-market level, with risks from AI capex bust or inequality surge.(*Walter Bloomberg)