AI’s costly buildout complicates the Fed’s inflation fight

How each outlet headlined it

• CNBC left

  AI’s costly buildout complicates the Fed’s inflation fight
• BeInCrypto

  US Inflation Meets Forecasts, Keeping Bitcoin’s Fed Bet Alive
• CoinDesk

  Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined.
• Bloomberg center

  CoreWeave and Super Micro push US stock futures higher as strong forecasts reinvigorate AI trade. Markets await key CPI data for a read on inflation. The IEA raises concerns about global oil inventories as the US and Iran harden their stances on the Strait of Hormuz. Andrew Hollenhorst of Citi looks ahead to the CPI data and its impact on the Fed's policy discussion. (Source: Bloomberg)