Fed prepares first rate hike since July 2023 amid dual inflation threats
1 Sep 14 · 13d ago · 1 article · 1 post · 2 sources · development 1 of 2
The Federal Reserve is expected to raise rates this week, citing inflation pressures from the monthslong Middle East conflict and massive AI infrastructure build-out. New York Fed President John Williams identified AI-driven demand as his primary inflation concern, warning that even three expected quarter-point hikes may prove insufficient to slow spending.
“The demand is so insatiable that these companies, these hyperscalers, will pay almost any price for those inputs, and they need things built yesterday.”
Beth Hammack
John Williams New York Fed President & Vice Chair
Beth Hammack Cleveland Fed President
Neel Kashkari Minneapolis Fed PresidentLorie Logan Dallas Fed PresidentJim Caron Chief Investment Officer, Morgan Stanley Investment Management
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first by CNN, 13d ago
All 2 developments of Fed faces AI infrastructure boom as rate hikes loom →
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