Federal Reserve minutes: AI continues to drive actual investment spending in data centers, high-tech equipment and software

On July 9, the minutes of the Federal Reserve's June meeting showed that existing indicators showed that real GDP growth in the second quarter remained at a steady pace. Real private domestic final spending-including personal consumption expenditure and private fixed investment, which usually reflects economic fundamentals better than real GDP-rebounded in the second quarter, growing even faster than GDP. Real consumer spending performed strongly, and the expansion of artificial intelligence continues to drive real investment spending in data centers, high-tech equipment and software. April data showed that imports and exports of high-tech products continued to maintain strong growth, and energy exports also increased significantly.