Fiscal clouds gather over the West as U.S. growth remains resilient: BofA

Bank of America reports that U.S. job growth is slowing, but rising wages and strong consumer spending indicate resilient economic growth. In Europe, France faces political challenges affecting fiscal stability, while the U.K. anticipates a significant reduction in fiscal headroom. Japan's new prime minister may pursue expansionary fiscal policies. The AI boom is driving U.S. investment, contributing positively to GDP growth. Overall, there is a contrast between fiscal challenges in developed economies and robust private-sector investment in the U.S.