{"id":199490,"date":"2025-12-19T03:50:09","date_gmt":"2025-12-19T03:50:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/199490\/"},"modified":"2025-12-19T03:50:09","modified_gmt":"2025-12-19T03:50:09","slug":"markets-cheer-surprise-gift-of-cooler-cpi-amid-renewed-ai-optimism-to-finish-higher","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/199490\/","title":{"rendered":"Markets cheer surprise gift of cooler CPI amid renewed AI optimism to finish higher"},"content":{"rendered":"<p class=\"css-14ve0pc\">\u201cThis auction leaves no doubt that data centers\u2019 demand for electricity continues to far outstrip new supply, and the solution will require concerted action involving PJM, its stakeholders, state and federal partners, and the data center industry itself,\u201d Stu Bresler, set to become PJM\u2019s chief operating officer next month, told <a href=\"https:\/\/www.reuters.com\/business\/energy\/prices-biggest-us-power-grid-auction-hit-new-record-supply-crunch-2025-12-17\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">Reuters<\/a>.  <\/p>\n<p class=\"css-14ve0pc\">As I\u2019ve <a href=\"https:\/\/sherwood.news\/markets\/the-ai-boom-is-devouring-us-power-raising-prices-and-market-loves-it\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">previously mused<\/a>, political pushback from high power prices, partially created by the AI boom, could become a constraint on development of such sites. Democrats in the US Senate are now calling for <a href=\"https:\/\/sherwood.news\/power\/senators-open-investigation-into-data-centers-effect-on-consumer-utility\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">hearings on the issue<\/a>. <\/p>\n<p class=\"css-14ve0pc\">It\u2019s fertile political soil. This morning\u2019s US CPI report for November showed electricity prices up nearly 7% year over year, the highest since the tail end of the postpandemic inflation in April 2023.  <\/p>\n<p class=\"css-14ve0pc\">\u201cThis auction leaves no doubt that data centers\u2019 demand for electricity continues to far outstrip new supply, and the solution will require concerted action involving PJM, its stakeholders, state and federal partners, and the data center industry itself,\u201d Stu Bresler, set to become PJM\u2019s chief operating officer next month, told <a href=\"https:\/\/www.reuters.com\/business\/energy\/prices-biggest-us-power-grid-auction-hit-new-record-supply-crunch-2025-12-17\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">Reuters<\/a>.  <\/p>\n<p class=\"css-14ve0pc\">As I\u2019ve <a href=\"https:\/\/sherwood.news\/markets\/the-ai-boom-is-devouring-us-power-raising-prices-and-market-loves-it\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">previously mused<\/a>, political pushback from high power prices, partially created by the AI boom, could become a constraint on development of such sites. Democrats in the US Senate are now calling for <a href=\"https:\/\/sherwood.news\/power\/senators-open-investigation-into-data-centers-effect-on-consumer-utility\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">hearings on the issue<\/a>. <\/p>\n<p class=\"css-14ve0pc\">It\u2019s fertile political soil. This morning\u2019s US CPI report for November showed electricity prices up nearly 7% year over year, the highest since the tail end of the postpandemic inflation in April 2023.  <\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThis auction leaves no doubt that data centers\u2019 demand for electricity continues to far outstrip new supply, and&hellip;\n","protected":false},"author":2,"featured_media":199491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,80],"class_list":["post-199490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/199490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=199490"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/199490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/199491"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=199490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=199490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=199490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}