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Estefano Gomez crypto

Fed’s Daly warns AI could fuel inflation pressures

In this news:

Key takeaways

Mary Daly states artificial intelligence will contribute to price pressures.
AI-driven demand in sectors like semiconductors creates supply shocks.
Comments could influence market expectations for future interest rate hikes.

San Francisco Federal Reserve President Mary Daly has stated that there is “no doubt” artificial intelligence (AI) will contribute to price pressures, feeding into inflation concerns. Daly’s remarks highlight the potential for AI-driven demand in sectors such as semiconductors and data centers to create a persistent supply shock, indicating a more sustained impact on U.S. inflation.

Currently, the Federal Reserve’s policy rate sits in the 3.75%–4.00% range, with recent inflation figures showing a 3.7% year-over-year increase in September. The market’s response suggests that these comments could influence expectations for future interest rate hikes.

Source: cryptobriefing.com

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