Fed's Cooke: AI demand and rising oil prices will continue to push up inflationary pressures
2026-09-29 01:43:34
According to CoinMeta, Federal Reserve Governor Lisa Cook stated that inflation in the United States will continue to face pressure in the coming months, mainly due to growing demand related to artificial intelligence, rising oil prices, and disruptions in the supply chain caused by conflicts in the Middle East. She noted that as of August, the U.S. annual inflation rate over 12 months was around 3.8%, which is still significantly higher than the Federal Reserve's target of 2%. Cook emphasized that infrastructure construction will continue to increase inflationary pressures in the short term, and although productivity improvements driven by certain factors may have a moderating effect on inflation in the medium term, they will not be fast enough this year to offset the current inflationary pressures. She also mentioned that if the job market is impacted in the future due to certain factors, the Federal Reserve's options for response will be limited, as interest rate cuts to support employment could further drive up inflation.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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