Fed rate hike may push consumer tech prices higher

The Federal Reserve raised interest rates for the first time since 2023. Rising borrowing costs, tariffs, and data center demand for memory and electricity are expected to keep pushing up prices for smartphones, laptops, and other devices.

• Fed raised rates for first time since 2023
• US inflation currently at 3.4%
• Apple, Samsung, and Amazon have already raised device prices
• AI data centers are taking memory and electricity