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/