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AI-related capital expenditure is now a significant driver of US GDP, currently estimated at 1.5% of domestic output. This micro-level investment is flowing into the macro economy via the wealth effect, supporting consumption despite broader economic uncertainty.

Impact: The AI-driven growth engine is creating a K-shaped economy where a smaller segment of the population drives aggregate demand. This dynamic complicates monetary policy, as traditional indicators may not fully capture the underlying economic strength.

— from Fed Pause, AI Wealth Effect, and Inflation Risks · Bloomberg Daybreak: US Edition· Jan 28, 2026