Federal Reserve Governor Lisa Cook warned on October 1 that the rapid AI buildout could become an important source of inflation pressure in 2027, particularly if investment demand and supply bottlenecks prove persistent. Speaking at an event at the New York Fed with New York Fed President John Williams, Cook said “the AI build out […]
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Tokyo inflation accelerated sharply in September, with headline CPI rising from 1.9% to 2.7% y/y. More importantly, core CPI excluding fresh food jumped from 1.8% to 2.7%, beating the 2.4% consensus, while core-core CPI excluding Read more…
Federal Reserve Vice Chair Philip Jefferson said on October 1 that he sees the US economy remaining resilient, but warned that inflation risks are tilted to the upside as higher energy prices, the AI investment Read more…
Minneapolis Fed President Neel Kashkari said in a Reuters interview on October 1 that further rate increases will likely be needed into 2027, while leaving the timing of the next move unresolved. Kashkari said he Read more…