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Rising borrowing costs are hurting households, but not AI investment

Reported · Written up by our desk · Central Banks

The New York Times Business reports that higher interest rates are weighing on household and business finances as borrowing costs rise.

The outlet also says the same rate pressures are doing little to curb demand for investments in A.I. infrastructure.

It argues that this continued push for A.I. spending is contributing to inflation, creating a policy challenge for the Fed.

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