Is AI Fueling U.S. Inflation? Goldman Sachs: Rising Costs for Memory, Power, and Software Could Lift Core PCE by 0.5 Percentage Points by Year-End
Goldman Sachs' latest estimates show that the triple shock from AI-driven memory price surges, software price hikes, and rising electricity costs has already pushed up the U.S. core PCE by more than 0.2 percentage points, with this contribution expected to ri…
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