🇺🇸 U.S. GDP just hit a 2-year high — Q3: 4.3% vs 3.3% expected.

This confirms the U.S. economy is still running hot. Strong growth reduces the urgency for rate cuts, keeps yields elevated, and makes near-term QE very unlikely. The Fed typically turns to QE during stress — not during acceleration.

For markets, that’s a mixed signal: growth supports earnings, but higher yields can pressure risk assets.

For crypto, rising yields and a stronger dollar can be a short-term headwind — even if the broader risk backdrop remains intact.

Strong data, less Fed support.