Add as a preferred source on GoogleAI Investment Demand Could Add to U.S. Inflation Pressure, Strategist Says
Brian Jacobsen said core CPI rose 0.3% month over month again, while oil’s price effects had begun reaching the core measure.
AI investment demand could add to U.S. inflation by competing with other economic activity for workers and resources, Annex Wealth Management Chief Economic Strategist Brian Jacobsen said.
Jacobsen said core CPI rose 0.3% month over month again, while the effects of higher oil prices had begun to feed into the core measure. He said AI investment demand could also push prices higher as it draws resources from other activity.
The Federal Reserve may also worry that competition for workers and materials will raise hiring costs for plumbers and electricians.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.