Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says
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Capital Economics predicts that the AI-fueled bubble will continue to lead the stock market higher despite the recent stock crash; The weak July jobs report and the deterioration in the Institute for Supply Management's manufacturing index caused the stock market to suffer; Capital Economics sees the Federal Reserve cutting rates at each meeting from September until next July; Recent earnings reports from Microsoft, Meta, and Google indicate significant spending on AI infrastructure, land, and chips; Other economists, such as Claudia Sahm, are not concerned about a recession and believe that the US economy will not hinder the AI-fueled bubble from picking up steam again soon.
#StockMarket #Ai #Recession #FederalReserve #Economy
https://fortune.com/2024/08/04/stock-market-crash-economic-outlook-recession-ai-fueled-bubble-fed-rate-cuts/
Fortune /
npub1v7…9v0r4
2024-08-04 20:07:59
Author Public Key
npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-08-04 20:07:59Event JSON
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"content": "Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says\n==========\n\nCapital Economics predicts that the AI-fueled bubble will continue to lead the stock market higher despite the recent stock crash; The weak July jobs report and the deterioration in the Institute for Supply Management's manufacturing index caused the stock market to suffer; Capital Economics sees the Federal Reserve cutting rates at each meeting from September until next July; Recent earnings reports from Microsoft, Meta, and Google indicate significant spending on AI infrastructure, land, and chips; Other economists, such as Claudia Sahm, are not concerned about a recession and believe that the US economy will not hinder the AI-fueled bubble from picking up steam again soon.\n\n#StockMarket #Ai #Recession #FederalReserve #Economy\n\nhttps://fortune.com/2024/08/04/stock-market-crash-economic-outlook-recession-ai-fueled-bubble-fed-rate-cuts/",
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