Business & Finance
Data center boom is pushing prices higher, according to Fed officials
Key Points
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. Democracy Dies in Darkness The 7 logo The 7 LIVEData center boom is pushing prices higher, according to Fed officials At their September meeting, Fed officials cited “surging AI-related investments” as a factor in inflation pressures.
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.
Democracy Dies in Darkness
The 7 logo
The 7
LIVEData center boom is pushing prices higher, according to Fed officials
At their September meeting, Fed officials cited “surging AI-related investments” as a factor in inflation pressures.
2 min