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Federal Reserve's Schmid: Inflation is frustrating and must be addressed.

2026-10-07

Federal Reserve's Schmid: Inflation is frustrating and must be addressed.

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2026-10-07

San Francisco Fed President Daly said AI-driven chip demand could spread beyond high-end AI chips into the semiconductor market; some firms are already broader front-loading memory purchases and redesigning products to use fewer chips. She warned AI-

San Francisco Fed President Daly said AI-driven chip demand could spread beyond high-end AI chips into the semiconductor market; some firms are already broader front-loading memory purchases and redesigning products to use fewer chips. She warned AI-related price pressures may not be a one-off and could take longer than the Fed’s typical 1–3 year horizon to subside. Daly said she fully supports a September rate increase; whether further tightening is needed will depend on whether shocks from AI, tariffs and Middle East-driven energy price rises abate — if they persist or overlap, additional hikes may be required, but if they prove temporary further hikes may not be necessary.
2026-10-06

Dell (DELL.N) shares rose more than 5% in early trading.

Dell (DELL.N) shares rose more than 5% in early trading.
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