Fed Flags a Fresh Inflation Threat That Could Rattle Markets
The AI data center build-out is driving up prices for some consumer goods.
Overview
The Federal Reserve is concerned about elevated inflation, and rightly so. After all, despite a cooler reading on inflation from this week's Consumer Price Index for June, inflation remains at 3.5% year over year, which is well above the Fed's 2% target.
And the recent resumption of the U.S.-Iran conflict is already sending crude oil prices higher again, which will bleed through to gasoline prices and likely send headline inflation higher again for July.
Details
But for some Fed officials, that's not the inflation threat to worry about.
Source
Originally published at www.fool.com.
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