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AI Boosting Inflation, Jobs Hold Steady | US News
Inflation’s on the rise again, fueled by tariffs, soaring energy prices, and surprisingly — the AI boom itself, as new tech demand drives up costs. Meanwhile, the job market remains rock solid, with unemployment at 4.2% and labor supply and demand in balance, thanks to shifting demographics. This report marks the Fed’s first under new Chair Kevin Warsh, who heads to Capitol Hill next week for his first major hearing — a pivotal moment as the central bank navigates inflation’s new twists and the uncertain timing of AI’s long-term price-lowering potential. Listen in comfort:Get a discount on a…
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