U.S. Inflation Concerns Persist Amidst Rising Energy Prices and AI Investment, Says TD Economics

TD Economics reports that U.S. inflation remains a concern for the Federal Reserve, with committee members citing persistent core inflation, higher energy prices, significant investment activity related to AI, and possible tariff increases as key risks. Consumer expectations for one-year ahead inflation reached their highest level in over three years in September. U.S. Treasury yields stabilized, while oil prices fluctuated due to Middle East tensions and hurricane-related production shutdowns.