Average Inflation Targeting
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Meta and Pembina Eye Alberta for Massive AI Data Center as Fed’s Jefferson Signals Shift in Inflation Strategy
Stock Market News· 2025-10-03 18:38
Group 1: Meta and Pembina Pipeline Corporation - Meta and Pembina Pipeline Corporation are close to finalizing an agreement to build a substantial AI data center in Alberta, Canada [2][8] - This potential deal aligns with Alberta's strategy to attract $100 billion in AI data center infrastructure over the next five years [2][8] - The project aims to leverage Alberta's deregulated electricity market and naturally cold climate for operational efficiency [2][8] Group 2: Federal Reserve Insights - Federal Reserve Vice Chair Philip Jefferson stated that the central bank is well-informed for its upcoming October meeting despite delays in key economic data due to a government shutdown [3][8] - Jefferson indicated a strategic shift in the Fed's inflation strategy, noting that allowing inflation to run above target has proven impractical, suggesting a departure from the average inflation targeting framework [4][8] - The Fed is navigating a complex economic outlook with high uncertainty, balancing concerns over a softening labor market and upside inflation risks [5][8]