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Gregory Daco highlights that U.S. capital expenditures remain robust even after adjusting for inflation.
He points to a surge in AI-related investments as the primary driver, with notable strength also visible across machinery, metals, and transportation equipment sectors.
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Daco recently discussed global trends in capital and economic shifts on Radio Davos as part of the Chief Economists Outlook. He has also examined challenges facing U.S. policymakers, noting issues with Fed and Treasury credibility gaps tied to inflation and debt. These perspectives add further context to his current observations on resilient U.S. capital expenditures.