š 1) The stock market reacts to US economic data
Wall Street appears to be at ease after the release of key economic data, without focusing too much on the details ā this means volatility decreased after the big numbers were announced, but sentiment remains mixed in the equity market.
š 2) Bond yields rise
US Treasury yields increased following strong GDP, which reduced expectations that the Fed would quickly cut interest rates ā this has shifted preference back to fixed-income assets.
š 3) US GDP is truly strong
The US economy grew by 4.3% in the third quarter ā the fastest in two years, driven by consumption, exports, and government spending, although investment was slightly slower.
š 4) US consumer confidence plummets
The consumer confidence index fell to its lowest level since April amid price pressures and tariffs, indicating that although GDP growth is strong, public sentiment remains weak.
