Powell: Core personal consumption expenditures excluding tariffs could be 2.3% or 2.4%.
2025-10-29 19:01:15
Fed Chairperson Jerome Powell said that core personal consumption expenditures after tariffs are likely to be 2.3% or 2.4%, data center investment and artificial intelligence are big business, and spending is relatively limited in sensitivity to interest rates; the data center boom may not reflect accommodative financial conditions.
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