Oh my gosh, can this still be #降息 ?

The U.S. economy unexpectedly surged in the third quarter, with an annualized growth rate of 4.3%

Isn't this a bit too good? 😭😭

1. #GDP exceeded expectations

Q3 GDP annualized growth rate of 4.3%, significantly higher than the expected 3.3% and also above the previous value of 3.8%

2. Consumption remains strong

Personal consumption expenditures grew by 3.5%, far exceeding the expected 2.7%, with demand still hot.

3. Inflation is barely passing

Core PCE at 2.9%, basically in line with expectations

From July to September this year, the total output of all goods and services in the U.S. gross domestic product (GDP) increased further from 3.8% in the second quarter. The report was delayed due to the government shutdown.

Analysts surveyed by data agency FactSet generally expected the economic growth rate for this quarter to be around 3%. However, inflation levels remain above the Federal Reserve's ideal target. The inflation indicator most closely monitored by the Federal Reserve. The Personal Consumption Expenditures Price Index (PCE) in the last quarter increased to an annualized rate of 2.8%, up from 2.1% in the second quarter.

Excluding the more volatile food and energy prices, the core PCE inflation rate is 2.9%, also higher than the 2.6% in the second quarter.

If persistent and possibly worsening inflation pressures continue, it could really reduce the likelihood of #美联储 cutting interest rates in January.