AI is changing, but inflation pressure is not. The AI boom has moved from chips to power, and inflation has moved with it

Since the midterms, data centres have been put under a political lid and petrol is getting cheaper. Investors could be forgiven for thinking the Fed's inflation problem is fading with them. Yet on Tuesday a Fed governor said he would hike even on good news, and hours later the price data came in. So what is still feeding the fire?

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