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Fed Eyes AI Boom Amid Inflation Pressure | Texas News
The Fed is sending a clear message: inflation won’t be ignored, and they’re ready to raise rates further if needed. While overall inflation may dip thanks to falling gas prices, core inflation stubbornly sticks at 3%, prompting some officials to push for more hikes. Meanwhile, the AI boom is fueling chip prices and driving up costs for gadgets like laptops and consoles — a trend the Fed is closely watching for its impact on both inflation and jobs. Signals are mixed: one governor warns of imminent rate hikes if inflation persists, while another suggests holding off if core inflation cools as…
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