CPI hits 3.7%, but Goldman Sachs sees AI prices peaking

Yahoo Finance Executive Editor Brian Sozzi breaks down the latest Consumer Price Index (CPI) report, which showed inflation rising 3.7%, hotter than economists expected. Sozzi also examines new research from Goldman Sachs (GS) suggesting that AI-driven inflation may have peaked, with memory chip prices potentially easing in 2027. Video Transcript 00:00 Speaker A I'm always amazed by how markets initially view economic data. 00:04 Speaker A The data comes out and boom, within a minute markets think they know everything about what is about to happen for companies in the economy. It drives me up the wall, even more so than I'm up the wall right now in this busy morning. 00:20 Speaker A Great example is today's consumer price index report.