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AI Fuels Inflation as Rates Climb | Wilmington News
Inflation cooled to 3.5% as gas, clothes, and used cars eased prices, but AI’s explosive growth is heating things up again—driving chip and energy costs and possibly forcing the Fed to hike rates. Mortgage rates hit 6.55%, making homebuying tougher, while retail sales ticked up slightly amid cautious spending. Wholesale prices fell thanks to cheaper energy, and unemployment claims hit a 10-week low—signaling a complex, shifting economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level…
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