The Fed's June meeting minutes cited "AI-related price pressures" as one driver of higher core goods inflation.

Fed blames AI for a 3.4% rise in core inflation as of May 2026. Inflation at 3.8% in June priced at 50.7% YES.

Federal Reserve officials discuss potential rate hikes as PCE inflation hits 4.1%, driven by tariffs, oil prices, and AI investment. What it means for

Fed minutes reveal AI demand as a new inflation risk. Inflation below 3.6% in June at 2.1% YES.

The Federal Reserve’s June minutes showed AI demand driving inflation higher, leaving policymakers divided over future interest-rate hikes.

The Fed's June meeting minutes cited "AI-related price pressures" as one driver of higher core goods inflation.

New York Fed President John Williams warns AI-driven demand could push US inflation higher and potentially force interest rate hikes, rattling crypto

"Monetary policy would need to respond to that," said Federal Reserve Bank of New York President John Williams.

Rising memory chip prices have contributed roughly 30 basis points to core PCE inflation, with May 2026 core PCE at 3.4% as AI demand strains supply.