AI Spend Has Been 'Critical' for US Economy, Says Torsten Slok
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AI hardware continued to drive August’s increase in import prices, as it has throughout the year. Commodity-price volatility from the Iran war raised the cost of industrial materials at the border. Companies face higher input costs and rising expenses tied to the AI buildout. Torsten Slok, Chief Economist at Apollo Global Management, discusses the Fed's rate decision and role AI investment has played in supporting the US economy. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486m
Tags: AI, Apollo Global Management LLC, Bonds, Capex, Economy, FOMC, Fed, Federal Reserve, GDP, Hiking, Imports, Inflation, Interest Rates, Investing, Kevin Warsh, Markets, Paul Sweeney, S&P 500, Tom Keene, Torsten Slok
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