Fed’s Goolsbee Says AI Is an Inflation Problem
Fed official Austan Goolsbee said inflation tied to the AI boom is “jumping out of its lane.”
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UPDATE 1 — Goolsbee says AI — induced inflation is 'jumping out of its lane,' Semafor reports
(Adds details throughout) Oct 13 (Reuters) — Federal Reserve Bank of Chicago President Austan Goolsbee said on Tuesday that inflation is starting to feel like "aggregate overheating" fueled by spillovers from the artificial intelligence investment boom rather than largely being a byproduct of supply shocks that will pa
US Briefing 13/10/2026: Goldman Equity Traders Top Estimates As Fixed Income Falls Short; JPM Reports Surprise Drop In Fixed-Income Trading Revenue
Fed's Goolsbee Says AI Is An Inflation Problem - Fed s Waller Says Higher US Yields Could Help Cool Demand - BoE s Greene Says UK Growth Upgrade Shows Rates Need To Rise - Healey Rejects Calls To Equalise Capital Gains And Income Tax Rates - BoJ Said To Resist Back—To—Back Rate Hike In October - Blackstone Warns Europe
Goolsbee Says Progress Needed to Resume Rate-Cutting Path
Chicago Fed President Austan Goolsbee said progress is needed before the Fed can return to its rate-cutting path, Semafor reported.
MNI EUROPEAN OPEN: Oil Pullback Continues
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Bank of America Says It May Take $150 Oil to Break the Economy
Oil near $100 a barrel would normally look like the beginning of an economic problem. Instead, the U.S. stock market is near records, artificial-intelligence investment remains robust and economic growth is holding up. That contradiction may be the most important feature of the current energy crisis. Bank of America co