Good morning, you're tuned in to Markets Desk.
Goldman Sachs is revising its Federal Reserve outlook following Tuesday's hotter than expected CPI print. The bank is now pencilling in additional tightening, a meaningful shift that signals inflation's grip on monetary policy remains firm. Bond markets will be watching every word out of the Fed with fresh urgency.
Staying with Goldman, the bank is among a growing list of major employers, including Cisco and JPMorgan, quietly tightening the reins on which AI tools their workers can access. This isn't about cutting costs — it's about governance. After some firms flagged voracious and sometimes indiscriminate AI usage, the push now is toward precision over permissiveness.
And a quieter story with real economic texture — data center construction is booming so fast that workers are living in RV parks near Cedar Rapids, Iowa, with one site reporting seventy Amazon packages stacked up for residents who've essentially made a campground their home. It's a ground-level signal of just how aggressively infrastructure build-out is reshaping local labor markets across the country.
That's the tape. Markets Desk, signing off the floor.
