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AI demand drives inflation, may push Fed to raise interest rates, says Cleveland Fed President.

Market News
30 Jun 2026
CNBC
View Source
Neutral
pluang ai news

Cleveland Federal Reserve President Beth Hammack highlighted that the strong demand for artificial intelligence infrastructure is contributing to persistent inflation. She noted that if this demand and other inflationary pressures continue, the Federal Reserve might need to increase interest rates to bring inflation back to target levels. Hammack emphasized that businesses are not showing signs of slowing investment despite higher rates, suggesting ongoing economic strength. This view contrasts with Fed Chairman Kevin Warsh's belief that AI will eventually reduce costs and ease inflation, but both agree on the commitment to controlling inflation.

More News

Organic Produce Summit 2026 unveils a three-day program with keynotes and panels on organic industry innovation and growth.

Organic Produce Summit 2026 unveils a three-day program with keynotes and panels on organic industry innovation and growth.

The Organic Produce Summit 2026, held July 14-16 in Monterey, California, features a comprehensive education program with industry leaders discussing sustainability, market trends, and innovations in organic produce. Highlights include a new women's ...

Others
Neutral
26 minutes ago
Crédit Agricole acquires full ownership of CAWL, evolving partnership with Worldline to a commercial model.

Crédit Agricole acquires full ownership of CAWL, evolving partnership with Worldline to a commercial model.

Crédit Agricole has acquired 100% of CAWL's capital from Worldline, shifting their partnership from a capital-based to a commercial collaboration. CAWL will continue integrating Worldline's payment acceptance solutions in its offerings, aiming to str...

Company Fundamentals
Neutral
39 minutes ago
Omnea launches fund to give employees $250K seed funding to start their own businesses after 5 years.

Omnea launches fund to give employees $250K seed funding to start their own businesses after 5 years.

Omnea, an AI-driven procurement platform, has launched the Omnea Future Founders Fund in partnership with Firedrop to support employees who want to start their own companies after five years at Omnea. Employees can pitch for $250,000 in seed funding ...

Others
Bullish
39 minutes ago
Crédit Agricole acquires 100% of CAWL from Worldline, shifting to a commercial partnership in France.

Crédit Agricole acquires 100% of CAWL from Worldline, shifting to a commercial partnership in France.

Crédit Agricole has fully acquired CAWL from Worldline, transitioning their partnership from equity-based to a commercial model. CAWL will continue integrating Worldline's payment acceptance solutions, aiming to strengthen its position in French merc...

Company Fundamentals
Bullish
39 minutes ago
Aikido Security acquires Root to enhance AI-driven open source vulnerability patching without upgrades.

Aikido Security acquires Root to enhance AI-driven open source vulnerability patching without upgrades.

Aikido Security has acquired Root to improve the security of open source software by enabling AI agents to research, patch, and test vulnerabilities without forcing teams to upgrade or migrate. This approach addresses the growing threat of supply cha...

Company Fundamentals
Bullish
3 hours ago
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