Atlanta Fed sees 4-5% US growth vs 2.1% consensus: AI boom may be underestimated
sudoraohacker · x · 2026-09-18
The author highlights a major disconnect in markets: the Atlanta Fed's GDPNow tracker shows 4-5% US growth driven by a sizzling AI economy, while Bloomberg analyst consensus sits at 2.1% and expects it to stay there.
With high inflation, rising rates and capex, the author argues many market participants are underestimating the ongoing boom. Data centers can approach 90-100% annual returns on hundreds of billions of deployed capital, sucking capital from the rest of the economy and world into the US and a handful of builder countries. Oddly, dollar-per-megawatt returns keep increasing every two years with each new chip family.
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