WS #12049
June CPI came in at 3.5% YoY (vs 3.8% expected), first decline in six years, but Fed Chair Warsh's testimony emphasized no tolerance for persistent inflation and commitment to independence, neutral for markets. New York Governor Hochul issues one-year moratorium on hyperscale datacenters (>50MW), bearish for datacenter REITs and AI infrastructure plays in the state.
June CPI miss and Fed Chair Warsh testimony
June CPI came in at 3.5% YoY (vs 3.8% expected), first decline in six years, but Fed Chair Warsh's testimony emphasized no tolerance for persistent inflation and commitment to independence, neutral for markets.
New York Governor Hochul issues one-year moratorium on hyperscale datacenters (>50MW), bearish for datacenter REITs and AI infrastructure plays in the state.