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Stock impact report

Fed Chair Jerome Powell Just Connected AI to Inflation. Here's Your Investing Playbook. [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
in The Wall Street Journal last year that artificial intelligence (AI) "will be a significant disinflationary force, increasing productivity and bolstering American competitiveness." The man Warsh would like to replace has a different view, at least for now. Fed Chair Jerome Powell stated last week during a press conference, "In the short term, what's happening is we're building data centers everywhere, and that's actually putting pressure on all kinds of goods and services that go into building these things." He added, "So that's actually probably pushing inflation up." Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » If Powell is right, investors probably need to pivot to focus on strategies that assume AI will be an inflation factor and that interest rates will remain high for longer than anticipated. What a Show less Read more
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