AI & Enterprise
Fed sees AI, data centre investment supporting manufacturing and construction demand
The Federal Reserve assessed that investment in data centres and AI is supporting demand in manufacturing and construction even as the broader U.S. expansion remains weak. In its Beige Book released on Sept. 2, the Fed said economic activity rose slightly through late August while AI-related demand stood out in several regions. Private forecasts from PwC and Morgan Stanley also project large long-term data centre capital spending, with constraints including power availability and rising costs.
