US GDP Growth Exceeds Expectations In Third Quarter

According to Odaily, the United States' actual GDP for the third quarter recorded an annualized growth rate of 3.1%, surpassing the earlier forecast of 2.8%. Additionally, the final rate of real personal consumption expenditure for the same period rose to 3.7%. These figures bolster the perspective that the U.S. economy continues to grow robustly, despite market expectations of an eventual slowdown. The Federal Reserve had previously indicated that the pace of interest rate cuts would decelerate in 2025, a statement that led to a sell-off in the stock market. This reaction was partly driven by the recent economic data, which has been stronger than anticipated. The robust economic performance suggests resilience in the face of anticipated economic challenges, highlighting the ongoing strength of consumer spending and overall economic activity.