Gulbsby: U.S. inflation is at a critical moment and further deterioration should be prevented
2026-11-13 02:57:48
According to CoinMeta, as reported by Yahoo Finance, Chicago Fed Chair Charles Evans Guthlesby stated that he originally hoped that as the impact of tariffs subsided and oil prices fell, inflation in the United States would significantly cool down. However, this expectation has not yet been realized. In October, inflation exceeded expectations for the second consecutive month, and Guthlesby described the U.S. as being in a "dangerous moment" of inflationary pressures, calling for caution to prevent further deterioration of inflation. He pointed out that there are still persistent price pressures in sectors such as services and healthcare, which are unrelated to tariffs and oil prices. Guthlesby mentioned that the Federal Reserve is currently trying to distinguish between two types of factors driving high inflation: supply-side shocks such as the duration of tariffs and high oil prices exceeding expectations, and demand-side overheating caused by large-scale data center construction. He noted that the inflation related to data center construction has not yet spread to the overall economy and is currently concentrated in certain industries and technology-related sectors, but the Fed is closely monitoring whether it may spread to other areas. If the demand overheating triggered by data center construction begins to affect the overall economy, that could become a problem.
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Source:Jin10 Data
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