Rising oil and other input costs, including AI-related chips, are sharpening focus on Wednesday’s Federal Open Market Committee decision as investors and economists reassess inflation risks and the chance of at least two hawkish dissents.
A sharp rise in energy prices has made Wednesday’s Federal Open Market Committee meeting a closely watched event, with investors calling the decision newly “live” as they reassess inflation risks and the likely path of monetary policy. Economists are also focusing on a deepening policy split that could produce at least two hawkish dissents over interest rates, reflecting disagreement over whether higher oil prices and AI-related chip costs justify a firmer stance.