Meta Ramps Up Spending Amid Australian Inflation and Political Escalation:

The global economic and political landscape has seen remarkable developments.

Inflation in Australia accelerated in July, surpassing expectations and reflecting growing inflationary pressures on the Australian economy.

In the United States, Meta announced a massive $50 billion plan to build a giant data center in Louisiana,

When tensions are escalating between President Donald Trump and the Federal Reserve over his attempt

to remove Lisa Cook from the Federal Reserve Board of Governors.

These events paint a complex global picture, intertwining major economic shifts and sensitive political developments.

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Australian Inflation

Meta
The Federal Reserve

Australian Inflation Accelerates in July, Surpassing Expectations

The Australian Bureau of Statistics released its monthly inflation data on Wednesday morning.

The data came in higher than market expectations and showed a notable acceleration in price growth during July.
>The data revealed that Australia’s annual Consumer Price Index (CPI) rose by 2.8% in July,

surpassing market expectations of 2.3% compared to a previous reading of 1.9%.
In detail, the figures showed that goods inflation climbed by 2.3% year-on-year compared to 1.1% previously.

The core “Trimmed Mean” index jumped to 2.7% from 2.1% in the previous reading,

reflecting intense underlying inflationary pressures in the Australian economy.

Trump: Meta to Invest $50 Billion in Giant Louisiana Data Center

U.S. President Donald Trump revealed that Meta Platforms intends to invest around $50 billion

to build a massive data center in Louisiana, describing the project as one of the company’s largest investments ever.
>During a cabinet meeting on Tuesday, Trump expressed astonishment at the cost scale,

noting that Meta CEO Mark Zuckerberg presented him with a chart comparing the under-construction center’s size to that of Manhattan.
>“When you see the enormity of the project underway, you understand why it costs $50 billion,” Trump said, according to Bloomberg.
>He added that U.S. companies can now construct such massive facilities

thanks to policies allowing them to build power plants to meet their substantial energy needs.

Federal Reserve: Will Comply With Court Ruling on Trump’s Attempt to Remove Lisa Cook

The U.S. Federal Reserve announced Tuesday that it will comply with any court decision

regarding the legal dispute over President Donald Trump’s attempt to remove Lisa Cook from the Board of Governors.
A statement from a Federal Reserve spokesperson said:
“Cook, through her private attorney, has indicated that she will immediately challenge

this action in court and seek a ruling affirming her ability to continue serving as a member of the Board of Governors,

a position confirmed by the Senate. As always, the Federal Reserve will comply with any court ruling.”
This move underscores growing tensions between the Trump administration and the Federal Reserve,

as investors closely watch how this conflict might impact central bank policies and its independence.

Meta Ramps Up Spending Amid Australian Inflation and political Escalation

Meta Ramps Up Spending Amid Australian Inflation and political Escalation

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