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AI & Enterprise

AI was meant to curb prices, but rising costs before productivity gains pose policy challenge for Fed

Silicon Valley figures have predicted AI would lift productivity and cut costs, bringing deflation. An analysis says reality is different. While company adoption is slower than expected, trillion-dollar investment in data centres and AI infrastructure is creating supply chain bottlenecks and pushing up power and equipment prices. Economists and executives say measurable productivity gains may take time. Fed officials are split, as rising electricity and related costs add inflation pressure.

Crypto

Bitcoin battles around $63,500 level as downside risk grows on fading rebound momentum

Bitcoin slid to around $63,500 despite U.S. July consumer prices matching expectations. The market has increasingly priced in the possibility that the Federal Reserve will hold rates steady in September, but traders are focused on whether bitcoin can keep the $63,000 support level. CME FedWatch put the probability of a September hold at 60 percent. Investors are watching July producer prices due on Aug. 14 and option markets still show demand for downside protection.

Finance

KOSPI outlook: when will flows normalise, U.S. inflation in focus

South Korean stocks this week are expected to test whether market flows are normalising after a sharp selloff, with U.S. inflation data seen as the key variable. Concentration in semiconductor heavyweights and pressure from leveraged trades have eased, while margin lending has fallen. Investors are watching whether U.S. CPI, PPI and retail sales reinforce or ease rate worries. Analysts also track whether funds shift back to Kosdaq as individual investors reduce leveraged ETF positions.