Cathie Wood, CEO and CIO of ARK Invest, has responded to Bill Ackman’s warning that the Fed’s rate hikes could fuel inflation. She argues that rising rates reflect real growth rather than inflationary pressure. Her case rests notably on a 99.99% annual decline in AI inference costs and OpenAI’s revenue run rate climbing from 20 to 70 billion dollars. Wood describes the likely outcome as “benign deflation”, where prices fall due to lower production costs. The 10-year US Treasury yield sits at its historical median since 1790, and 90% of global data center financing is directed toward the United States.
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