Squawk on the Street SOTS 2nd Hour: Goldman's Chief U.S. Economist, Ford Takeaways, & New Consumer Data 10/24/25
Oct 24, 2025
Chase Lockmiller, Co-founder and CEO of Crusoe, discusses their recent $10B+ funding round and the company’s innovative energy-first approach to AI infrastructure. He delves into the significance of building data centers that prioritize sustainability. The conversation also touches on the demand for diverse chip generations and how this expansion aims to support the growing AI market. Lockmiller's insights on balancing energy needs with tech growth highlight the evolving landscape of digital infrastructure.
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Cooling CPI But Underlying Inflation Persists
- CPI came in slightly cooler than expected but remains above the 2% target, mainly helped by softer shelter readings.
- Goldman economist David Maracle and panel see underlying inflation trending down, supporting the Fed's current path.
Labor Market Paints A Mixed Picture
- Labor-market indicators are mixed and muddled without key government data like September payrolls.
- Maracle warns labor-market weakness could argue for rate cuts to prevent further deterioration.
Productivity Helps Explain Slower Job Growth
- GDP growth near 2% with better productivity explains slower job growth without implying immediate collapse.
- Structural factors like lower immigration and aging population help explain softer hiring.
