Brian Jacobsen, chief economic strategist at Annex Wealth Management, said monthly core CPI again printed 0.3%. He warned headline CPI remains elevated and recent oil-price moves have fed into core inflation. Chicago Fed president Austan Goolsbee, who does not have a Fed vote this year, flagged AI-driven demand as a potential force the Fed may need to restrain — a view that may mirror other officials. Fed Governor Waller said he may support a larger rate hike. Officials are increasingly worried

Brian Jacobsen, chief economic strategist at Annex Wealth Management, said monthly core CPI again printed 0.3%. He warned headline CPI remains elevated and recent oil-price moves have fed into core inflation. Chicago Fed president Austan Goolsbee, who does not have a Fed vote this year, flagged AI-driven demand as a potential force the Fed may need to restrain — a view that may mirror other officials. Fed Governor Waller said he may support a larger rate hike. Officials are increasingly worried AI investment could crowd resources and raise input and hiring costs, including for skilled trades such as plumbers and electricians, adding upward pressure on prices.