U.S. third-quarter GDP revised to 3.1% as consumer spending, exports rise

The final value of the annualized quarterly rate of real GDP in the third quarter of the United States was 3.1%, while the previous forecast was 2.8%. The final value of the quarterly rate of real personal consumption expenditures in the third quarter rose to 3.7%. These data reinforce the view that although the market expects the US economy to eventually slow down, the economy is still growing strongly. The Federal Reserve previously hinted that the pace of interest rate cuts in 2025 would slow down, triggering a stock market sell-off, which was partly based on recent stronger-than-expected economic data. (Jinshi Data APP) (Jinshi)