The United States is on the brink of an industrial transformation that could redefine its economic trajectory. Inward investment is surging, driven by a wave of new manufacturing plants, onshoring and reshoring initiatives, and a parallel boom in data centre and power generation construction. This is not incremental change; it is a structural shift that will demand vast amounts of labour, raw materials, and productive capacity. The question for investors and policymakers is whether this investment renaissance will reignite inflationary pressures which might lead to a newly reconstituted Federal Reserve signalling a willingness to run the economy “hot”.

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