US Economy Surges, AI Boom Fuels Growth
Update: 2025-12-23
Description
US GDP surges by 4.3% in Q3, driven by AI boom and consumer spending, boosting stock market and exports. Traders anticipate higher borrowing costs, while a potential government shutdown could slow fourth-quarter growth. Fed chair Powell expects a rebound in 2026, with households expected to drive recovery despite income woes. The recovery is K-shaped, with wealthier individuals thriving and lower-income groups struggling, while business investments slow except for AI data centers.
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