PIMCO says AI-linked categories are distorting core PCE readings
PIMCO's analysis pushes back against the idea that recent core PCE strength should trigger a more hawkish Fed response, which if it gains traction among investors could support rat...
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PIMCO's analysis pushes back against the idea that recent core PCE strength should trigger a more hawkish Fed response, which if it gains traction among investors could support rat...
The AI boom is driving up prices for energy, chips, and software, boosting inflation and complicating the Federal Reserve’s targets.
AI mania is jacking up tech prices and could force the RBA to hike rates again if inflation won’t quit.
The AI boom is driving new pockets of inflation.
The long-delayed effects of tariffs are finally hitting consumer prices, but the AI investment boom is pushing inflation just as hard.
In July, the inflation that has been hounding the artificial-intelligence buildout cooled off in many of the most obvious categories of goods. The post Breitbart Business Digest: A...
Allianz Trade forecasts a September hike to 4% and AI reshaping up to a quarter of jobs
The AI Bubble Is No Ordinary Bubble Tech companies need to generate huge revenues fast, or the economy could be in trouble. By Annie Lowrey, The Atlantic The American stock market...
According to A Statistical Revamp Is About To Lower Inflation by The Wall Street Journal, the Bureau of Economic Analysis (BEA) is reformulating its Core PCE calculation. The marke...
Including Everyday Price Indexâ„¢. Nowcast suggests accelerating inflation in m/m August CPI: Figure 1: CPI (blue), CPI-wage earners and clerical workers (purple), chained CPI (gre...
They’re all lower than they were in February … but deflated using CPI ex shelter (mimicking HICP), they’re down 1.4%. Figure 1: Average hourly earnings for production and nonsuperv...
The biggest impact has emerged in the energy sector.
The borrowing binge is dragging real yields to heights not seen in over a decade
The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made computer equipment, electricity more expensive.
"The consumer rescued the quarter" but the cushion is wearing thin
New estimates from Soto, Thieu and Allen: GDP growth in Q1 was 1.6% q/q AR, while netting out imports, the contribution from AI related investment was estimated at 0.63 ppts. The o...
Approximately, as we don’t have direct observations on items solely related to AI. Figure 1: Imports of computers, computer peripherals, plus semiconductors (blue, left log scale),...
Last week, at a New York Fed Symposium, Fed's Williams offered some clear guidance on what would make him change idea on holding rates steady. Williams said that AI-fuelled demand...
Inflation remains at 3.7% for the second month, with global conflict, tariffs, and rising demand for technology driving costs higher, according to the Federal Reserve.
One of the mysteries of recent macro history is why tightening monetary policy failed to significantly slow economic activity, particularly capital investment. For instance, even a...
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