Minneapolis Fed

A Minneapolis Fed analysis found that AI-driven demand for memory chips and computer hardware has pushed core inflation up by roughly 0.4 percentage points, matching the upper end of the 0.2 to 0.4 po…

Minneapolis Fed President Neel Kashkari now projects one interest-rate hike before the end of 2026, reversing his earlier expectation of a cut, citing persistent inflation and AI-driven spending. The …