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Fed Eyes AI-Driven Inflation | Tulsa News
The Fed is showing zero patience with stubborn inflation, ready to hike rates further if core inflation stays stubbornly near 3%. While gas prices are cooling overall inflation, AI-driven tech spending by giants like Google and Microsoft is fueling chip shortages and pushing up prices on everything from laptops to consoles — a wild card the Fed is closely watching. Fed officials are split: some, like Governor Waller, warn of imminent hikes if data doesn’t improve, while others, like John Williams, suggest holding off if core inflation stabilizes. The Fed’s next move? Waiting — but with a…
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