[Goldman Sachs: U.S. Economy Not Overheated Overall, Localized Tensions in AI-Related Fields] According to Deep Tide TechFlow, citing research from Tide Research, Goldman Sachs' August 30, 2026 report indicates that the U.S. macroeconomy shows no significant signs of overheating. The labor market remains generally balanced, wage growth is moderate, and overall industry capacity utilization is relatively low. Approximately 35% of industries have nominal wage growth exceeding 4%, slightly higher than the 25% average from 1990 to 2019, but far below the 90% peak in 2022. Most manufacturing and service industries still have capacity room, while three sectors—electrical equipment, machinery manufacturing, and professional services—are experiencing localized tensions due to AI-related demand, nearing peak capacity utilization. Comprehensive bottleneck indicators remain at pre-pandemic levels, suggesting that capacity pressures have not broadly spread. Goldman Sachs believes the AI boom has not yet evolved into widespread inflationary pressure. The current capacity utilization index for the service sector contributes only about 10 basis points to core service inflation, far below the 30 to 40 basis points contribution seen in 2021 to 2022. If AI-related supply bottlenecks further spread, they could exacerbate localized inflationary pressures.