AI Investment Demand May Drive US Inflation, Core CPI Monthly Rate Reaches 0.3%

On November 10, Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management, stated that the core CPI monthly rate has once again reached 0.3%. The overall CPI remains elevated, with the impact of rising oil prices being transmitted to core inflation. Chicago Federal Reserve President Austan Goolsbee pointed out that AI demand could become a factor that the Federal Reserve needs to curb, reflecting the views of many Fed officials. Fed Governor Christopher Waller indicated that he might support a larger rate hike, concerned that the demand for AI investments could crowd out resources for other economic activities, driving up prices. Additionally, rising hiring costs for skilled trades such as plumbers and electricians are also a new concern.

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