Nov. 25 at 2:03 PM
Rate cuts in December???
The US dollar remains stable even as the probability of a Fed rate cut in December rises to 81%
A leading indicator from the Federal Reserve Bank of Atlanta signals an acceleration in gross domestic product from 3.8% in the second quarter to 4.2% in the third quarter.
Artificial intelligence is behind the strength of the US economy. According to Deutsche Bank, private investment, excluding AI, is comparable to 2019.
$BAC Bank of America estimates that the capital expenditure of four companies,
$MSFT,
$AMZN,
$GOOGL and
$META will increase from
$228 billion to
$344 billion in 2025. This is equivalent to 1.1% of GDP