US Q3 GDP Grows 3.4%, Fastest in a Year

The composition of this growth matters more than the headline: AI-linked capex is now large enough to move national GDP, which ties the broader economy's momentum to the same spending cycle underpinning crypto and RWA infrastructure narratives. That cuts both ways — it signals durable institutional capital behind compute and data assets, but also concentrates macro risk in a single theme. The gap between solid household spending and historically low sentiment is the other tension worth tracking. Whether AI equipment demand keeps carrying growth, and whether sentiment eventually reconciles with behavior, are the open questions.