WS #13994
US July PPI came in flat, below expectations, reinforcing expectations that the Fed will hold rates steady in September. AI-driven demand for memory chips is causing shortages and price increases, leading to higher prices for smartphones and other electronics, including Apple and Google products. Investors expect Anthropic to seek a $2 trillion valuation in its October IPO, which would be the largest ever, driven by rapid revenue growth.
US inflation and Fed policy
US July PPI came in flat, below expectations, reinforcing expectations that the Fed will hold rates steady in September.
AI-driven demand for memory chips is causing shortages and price increases, leading to higher prices for smartphones and other electronics, including Apple and Google products.
Investors expect Anthropic to seek a $2 trillion valuation in its October IPO, which would be the largest ever, driven by rapid revenue growth.