The Federal Reserve has reduced interest rates by 0.25% in a move aimed at bolstering the labor market. This decision comes as AI-driven data centers are projected to increase U.S. electricity demand by approximately 20 gigawatts. Meanwhile, the UK is contemplating tax relief measures for small businesses, adding another layer of economic consideration for investors.
Market participants are also closely monitoring Nvidia's upcoming earnings report and the next U.S. jobs data release, which could provide further insights into economic trends and labor market conditions.
Fed Reduces Rates by 0.25% as AI Energy Demand Rises
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