Federal Reserve cuts interest rates for first time this year, sees 2 more cuts in 2025

[progree]

19. Unfortunately, the tariffs and probably AI will exacerbate the already rapidly rising inflation

as will the rate cuts

The CPI rise averaged 3.5% over the past 3 months on an annualized basis (core CPI: 3.6%)
The August one month increase annualized is: CPI: 4.7%, (core CPI: 4.2%)
Graphs: https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3531703
It's not May anymore

As for the AI - it may provide some economic benefits. But it will certainly cause electricity rates to rise sharply, which are already rising at higher than overall inflation rates, and we're just getting started, relatively speaking, with the crazy data centers

The unemployment picture suggested this is what they would do
as it will probably get worse DUE TO the tariffs and the massive push for using AI to replace employees.