The US economy is experiencing a significant boost due to a major trade deal with Japan, which is expected to create hundreds of thousands of jobs and increase investment in the US. The deal also includes Japan's commitment to open its market to US goods, including cars and trucks, rice, and other agricultural products. Meanwhile, the US is experiencing an AI boom, driven by deregulation and tax policies that are encouraging businesses to invest in new technologies. This is leading to a CapEx comeback, with business equipment production jumping 11% in the second quarter. As a result, blue-collar wages are rising, and inflation is expected to decline.
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