🚨 The economic data shows that the US GDP in the third quarter rose faster than expected,
reflecting strong demand.
Although some volatile factors such as net exports may have inflated growth,
consumer spending remains strong across all sectors. Private domestic final purchases increased by 3.0% quarter-on-quarter, reflecting a lower risk of rate cuts by the Federal Reserve.
Barclays also raised its GDP growth forecast for 2025 to 2.0%.
