Nasdaq’s Best Month Since 2002 Meets Fed Division, Inflation Risks - Advanced Micro Devices (NASDAQ:AMD)

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April 2026 saw an extraordinary rally on Wall Street, with the Nasdaq 100 having its best month since 2002, driven by strong mega-cap tech earnings. However, this bullish sentiment was tempered by a divided Federal Reserve expressing concerns about inflation and an unwillingness to commit to rate cuts, leading to renewed fears of potential rate hikes. Economic data, including below-expectations Q1 GDP and a rise in the Fed’s preferred inflation gauge to 3.2%, along with surging factory-gate prices fueled by oil costs, highlighted persistent inflation risks despite the market’s strong performance.

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