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Fed minutes cite the AI buildout, not tariffs, as a driver of rising goods prices

Minutes of the Sept. 15-16 FOMC meeting say staff tied higher inflation partly to "an increase in technology-related consumer goods prices associated with the AI buildout." Several participants said core goods price increases stayed elevated as AI buildout effects appeared to increase while tariff effects waned.

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Primary source

Federal Reservefederalreserve.gov/monetarypolicy/fomcminutes20260916.htm

Coverage · 5 articles, oldest first

Thursday, October 8, 2026

  1. The Washington Post

    The US Federal Reserve's September meeting shows officials are increasingly citing surging AI investments, not tariffs, as the driver of rising goods inflation

  2. Newser

    newser.com/story/397758/fed-sees-data-center-boom-as-behind-rising-prices.html

  3. The Coin Republic

    thecoinrepublic.com/2026/10/07/crypto-market-reacts-to-us-fomc-news-as-officials-signal-another-fed-rate-hike/

  4. Chalkbeat

    chalkbeat.org/philadelphia/2026/10/08/ai-forces-learn-to-code-programs-to-adapt/

  5. Federal ReservePrimary

    Fed minutes cite the AI buildout, not tariffs, as a driver of rising goods prices
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