The Fed vs. AI inflation

Ah, the duality of AI. Spending on the technology is boosting economic growth, yes, but it’s also driving up inflation. (In case you were too distracted by Jensen-Huang-enfreude, wholesale inflation was up 6.5% YoY in October.) What’s the Fed — which hasn’t met its 2% inflation goal in over five years — to do? In this episode, how the central bank might be thinking about AI ahead of its next meeting. Plus: Nvidia execs are likely getting very, very prepared for next week’s earnings call and private equity gets its paws on more and more food and beverage chains.

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Read the stories in today’s episode:

• Nvidia this, Nvidia that — doesn’t anyone want to talk about inflation data?
• What will happen at Nvidia’s impending earnings call?
• This retired HR worker never expected to start an art business in Hawaii
• The AI boom has handed the Fed an inflation problem that rate hikes may not fix
• From cookies to sandwiches, private equity is digging into restaurants