---
title: May 15, 2026 - Inflation and AI
description: Inflation américaine en hausse avec un nouveau président à la Fed, et coûts d’adoption de l’IA en progression d’ici 2030
image: https://mcmahon.ia.ca/hubfs/iagam/Blog%20Mc%20Mahon/images/og/OG_McMahon_1200x628_EN.jpg
---

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# Macro Playlist

 The economic ideas driving markets.

 Every week, Sébastien Mc Mahon and his team deliver their carefully selected economic analyses and market outlooks.

## May 15, 2026 - Inflation and AI

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## Opening Track

The week in review

This week, U.S. inflation is picking up steam as a new Fed chair takes office. We also explain why forecasts for the use of artificial intelligence through 2030 point to a significant rise in prices, creating both risks and opportunities.

<iframe class="opening-video margin-bottom-36" src="https://www.youtube.com/embed/LpFRc7qjTKw?si=iDZEn2Auu-1qmFHV"></iframe>

[Download slides](https://mcmahon.ia.ca/hubfs/iagam/Blog%20Mc%20Mahon/Hebdo_20260515_EN.pdf)

<iframe style="border-radius: 12px; margin: 0px auto; display: block;" allow="autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture" xml="lang" src="https://open.spotify.com/embed/playlist/4ffEtbOVvGSPEhZyrdL6XT?utm_source=generator&amp;theme=0" width="560" height="352" frameborder="0" allowfullscreen loading="lazy" data-testid="embed-iframe"></iframe>

![](https://mcmahon.ia.ca/hubfs/iagam/Blog%20Mc%20Mahon/icones/vital_signs.svg)

## Top of the Charts

Chart of the Week | Inflation is back, and it doesn’t look good

Markets got a dose of déjà vu all over again this week.

Inflation is back, and it’s accelerating. PPI is up 6%, CPI is nearing 4%, and even new Fed Chair Kevin Warsh’s favored measure, trimmed mean inflation, is moving higher.

And the backdrop is making it worse:

• Aggregate demand still fueled by a large fiscal deficit  
• AI capex keeping the economy running hot  
• Tariffs still pushing through prices  
• Gasoline up ~40%… sealing the deal

Bottom line: Chair Warsh will enter his first FOMC meeting on June 16–17 with headline CPI at 4%+.

Brutal setup, not exactly an easy start for the new Chair.

![U.S. -- PPI & CPI EN\_2](https://mcmahon.ia.ca/hs-fs/hubfs/iagam/Blog%20Mc%20Mahon/U.S.%20--%20PPI%20%26%20CPI%20EN_2.png?width=1680&height=890&name=U.S.%20--%20PPI%20%26%20CPI%20EN_2.png)

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## New Releases

Read our latest publications

### Monthly Macro & Strategy - May 2026

 Should I Stay or Should I Go: Central banks, supply shocks, and the art of choosing your trouble 

[Read here](https://files.ia.ca/-/media/files/gestion-mondiale-dactifs/content/2026/20260507/2026-05_monthly-macro-strategy_en.pdf)

### White Paper - April 2026

 Paranoid Android: Revolution or transition? What research actually tells us about AI and the labour market 

[Read here](https://files.ia.ca/-/media/files/gestion-mondiale-dactifs/content/2026/20260414/2026-04_ai_en.pdf)

## Soundtrack

Enhance your reading experience with the latest additions to our playlist

<iframe class="sound-track-video margin-bottom-24" src="https://www.youtube.com/embed/xMaE6toi4mk?si=BADRNSsgRN-LBJ6m"></iframe>

<iframe class="sound-track-video" src="https://www.youtube.com/embed/NzPtr_n-m8A?si=t0nUL3k5ZOTjJiu4"></iframe>

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## Featured on Air

Quick access to our latest media appearances

### Interview on BNN Bloomberg's The Close

 BNN Bloomberg – May 13 2026 

[Watch here](https://www.bnnbloomberg.ca/video/shows/the-close/2026/05/13/the-long-term-damage-seems-to-be-very-real-for-the-canadian-economy-mcmahon-on-impact-of-tariffs/)

<iframe style="border-radius: 12px; margin: 0px auto; display: block;" allow="autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture" xml="lang" src="https://open.spotify.com/embed/playlist/4ffEtbOVvGSPEhZyrdL6XT?utm_source=generator&amp;theme=0" width="560" height="352" frameborder="0" allowfullscreen loading="lazy" data-testid="embed-iframe"></iframe>

![](https://mcmahon.ia.ca/hubfs/iagam/Blog%20Mc%20Mahon/images/Sebastien_McMahon.png)

## Sébastien Mc Mahon

Chief Economist, iA Financial Group

![](https://mcmahon.ia.ca/hubfs/iagam/Blog%20Mc%20Mahon/images/Etienne_Bergeron.png)

## Étienne Bergeron

Economist, iA Financial Group

[About the team](https://mcmahon.ia.ca/en/about-us)

## Archives

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