America In Focus: US inflation cooled in June, but AI build-out poses latest threat

US inflation declined to 3.5% in June, with falling gas, clothing, and used car prices offering temporary relief. However, massive AI-driven investments in data centers are raising costs for technology and energy, potentially reigniting inflation. Meanwhile, the 30-year mortgage rate climbed to 6.55%, its highest level in nearly a year, and retail sales grew modestly amid economic uncertainty.