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CNBC TV18

Chicago Fed's Goolsbee Warns AI Investment Boom May Be Fueling Aggregate Overheating

Chicago Fed President Austan Goolsbee warned that the artificial intelligence investment boom could overheat aggregate demand and keep inflation elevated. After three rate cuts in 2025, the Fed raised rates by 25 basis points last month to a range of 3.75%-4.00% as inflation proved stubborn. Markets expect the central bank to hold steady at its October meeting but to raise rates again in December.
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