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Federal Reserve Meeting Minutes: AI continues to drive actual investment spending on data centers, high-tech equipment, and software
Real private domestic final expenditure—including personal consumption expenditures and private fixed investment, which typically reflects the underlying economic trends better than real GDP—rebounded in the second quarter, with growth even exceeding GDP.
Real consumption expenditure performed strongly, and the expansion in the AI sector continues to drive real investment spending on data centers, high-tech equipment, and software.
April data shows that imports and exports of high-tech products continued to grow strongly, and energy exports also rose significantly.
(Source: Tonghuashun)