By Bryan Mena, CNNWashington (CNN) — The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their spending in the quarter, a welcome sign for an economy that relies so strongly on consumption for growth. A solid labor market allows the US Federal Reserve to focus on inflation, which remains above the bank’s 2% target. “Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’” Correction: This story has been updated to clarify that consumer spending and business investment in AI grew in the second quarter.