ChainCatcher news, according to Jinshi reports, the actual annualized quarterly GDP growth rate for the United States in the third quarter was recorded at 3.1%, while the previous forecast was 2.8%. The actual personal consumption expenditures quarterly growth rate for the third quarter rose to 3.7%. These data reinforce the view that, although the market expects the U.S. economy to eventually slow down, it is still growing strongly.

The Federal Reserve previously hinted that the pace of interest rate cuts in 2025 will slow down, triggering a stock market sell-off, which is partly based on recent stronger-than-expected economic data.