Rising borrowing costs are taking a toll on households and businesses. But they are doing little to dampen enthusiasm for investments in A.I. infrastructure, which are contributing to inflation.
There is little sign that higher borrowing costs are doing much to slow artificial intelligence development, which includes spending on chips, data centers and the electrical systems to power them.
President Trump is doggedly lending his support to Republican candidates facing a rough midterm season. He is the same campaigner he has always been, but his crowds have changed.
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