Yardeni Says AI Buildout Adds to Inflation Pressure, Doubts Fed Needs Restrictive Policy
Yardeni Research said AI investment, elevated energy prices, tariffs and deglobalization are putting upward pressure on goods prices. It also cited stronger capital demand and lower national savings as pushing up the neutral real interest rate.
Yardeni Research said Monday that the artificial intelligence (AI) buildout, along with elevated energy prices, tariffs and deglobalization, is putting upward pressure on goods prices, while stronger demand for capital and a smaller supply of national savings are pushing the neutral real interest r…