Data center boom is pushing prices higher, according to Fed officials
Federal Reserve officials are increasingly pointing to the artificial intelligence buildout, rather than tariffs, to explain why the prices of goods keep rising, according to minutes of their September meeting released Wednesday.
TL;DR
- Federal Reserve officials are increasingly attributing rising goods prices to the buildout of artificial intelligence.
- This is a shift from previous explanations that cited tariffs.
- The information comes from the minutes of the Fed's September meeting.