Fed's Cook: AI data center spending is delaying inflation's return to 2%
- —About $2 trillion in AI capex announced, but only a fraction deployed
- —Electricity and water costs up roughly 5% year-over-year in 2026
- —Core goods prices running above 3% annualized
- —FOMC unanimously raised rates by 25 basis points
Why it matters: Persistent inflation and a hawkish Fed weigh on liquidity and risk assets, including bitcoin.
Source: Crypto Briefing