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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

AI Making Life More Expensive for You? Federal Reserve Says 'Upward Pressure' Likely to Sustain for Now

X Inflation United States the Federal Reserve Artificial Intelligence US Federal Reserve
Minimum Payments Stretch Debt Longer

The Federal Reserve said that artificial intelligence was a contributing factor to inflation in its June meeting minutes and cited “AI-related price pressures” as a driver of core goods inflation.

Fed Points to AI-Related Price Pressures

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