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U.S. economy defies expectations as AI investment boosts consumer wealth
AI-led investment is helping the U.
The U.S. economy continues to surprise positively, with second-quarter GDP growth at 3.8% annualised and consumer spending gaining momentum. Industry watchers attribute the resilience, in part, to heavy investment in AI infrastructure and related equity gains, which are boosting household net worth—especially among wealthier Americans. Despite this, analysts warn of “two-speed” growth, as wage growth remains weak for lower-income workers and business investment outside tech softens. The Fed and fiscal policymakers remain cautious amid inflation and debt-concerns.