AICointelegraphabout 3 hours ago
AI boom fuels inflation fears at Fed
1 min read
Federal Reserve meeting minutes show many officials see strong AI infrastructure demand as a driver of inflation, sustaining upward pressure on technology product and electricity prices. The Fed kept rates steady at 3.5% to 3.75% in June. The PCE inflation projection for year-end jumped from 2.7% to 3.6%.
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