In December, Bowman did not explicitly support an interest rate hike.

In her speech today, Bowman noted that inflation is more stubborn than expected, estimating that core PCE in October may rise to 3.3% year-on-year. However, recent market volatility has tightened financial conditions, and the benefits of further rate hikes need to be weighed against their impact on sectors like real estate.

She also believes that before the December meeting, the Federal Reserve will still see the October PCE and November employment data. Whether to raise rates in December should not be predetermined at this time.

Additionally, Bowman expects that AI-related debt will exceed $800 billion this year, with potential payments for long-term leases, contractual commitments, and other obligations estimated to be more than three times the size of the debt.

If AI revenues do not keep pace with rapidly growing costs, she believes related companies may face falling stock prices, rising financing costs, and tightened credit, which could slow down AI development and economic activity.

In plain terms, while Bowman believes inflation will rise, she is more concerned about the economic impact and even more worried that high capital expenditures and debt in AI could delay the development of AI in the United States.

An @Gate, trading more markets

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