Cleveland Fed

The US Federal Reserve faces growing pressure to hike interest rates at its Jul 28-29 meeting as oil prices rebound due to Middle East tensions, AI-related demand, and new US tariffs fuel inflation ri…

Cleveland Fed President Beth Hammack warned that inflation remains stubbornly high at 3.5% year-over-year, nearly double the Fed's 2% target, and flagged AI-driven demand as a new inflationary pressur…

Cleveland Federal Reserve President Beth Hammack warned that artificial intelligence could fuel inflation, potentially necessitating further interest rate hikes.…

New U.S. college graduates now face higher unemployment than the average worker, a reversal of a decades-long trend that began in early 2019, before the pandemic and generative AI. By early 2026, rece…