2026 voting member Bowman did not explicitly support a December rate hike. In her speech today, Bowman argued that inflation is more stubborn than expected, estimating that the core PCE year-on-year growth rate in October may rise to 3.3%. However, recent market volatility has tightened financial conditions, and the benefits of further rate hikes need to be weighed against the impact on sectors such as real estate. She also believes that the Fed will see October PCE and November employment data before the December meeting. Whether or not to raise rates in December should not be predetermined at this time. Furthermore, Bowman expects AI-related debt to 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 debt size. If AI revenue cannot keep up with rapidly increasing costs, she believes related companies may face falling stock prices, rising financing costs, and tighter credit, thereby slowing down AI development and economic activity. In plain terms, while Bowman believes inflation will rise, he worries about its greater impact on the economy, and is even more concerned that excessive capital expenditure and debt related to AI could slow down the development of AI in the United States. A @Gate account, trading more markets.