Let's take a look at the data.

Because there are no surprises, the data is basically good. The theme of tonight's speech is also that the seven brothers of the gourd come to defend their grandfather (U.S. economic expectations).

Let's take a look at this group of data.

Initial unemployment claims,

As of September 21, the number of initial unemployment claims was 218,000, lower than the previous value expectations and the previous value. This data can be interpreted as the current employment data is good and optimistic in the short term.

The final value of GDP in the second quarter,

recorded 3%, in line with expectations and the previous value. Needless to say, whether it is 3% or 2.9%, it is good data. The GDP in the second quarter is much higher than that in the first quarter. Of course, it is normal. The second quarter is often stronger than the first quarter.

The impact of this data will not be too great. The focus is on the GDP in the third quarter. The economy is allowed to weaken in the third quarter, but it cannot be too weak, so let's wait for the GDP in the third quarter. The preliminary data for the third quarter will have to wait until the end of October.

Consumer expenditure in the second quarter,

Compared with GDP, consumer expenditure may be a more important data at present. The data recorded 2.8%, which is slightly lower than expectations and the previous value, which is a small negative.

After the interest rate cut cycle begins, people's expectations for the economy are good or bad. GDP is one aspect, but it depends more on consumer sentiment, and consumer spending can better reflect consumers' purchasing power and confidence.

Purchasing power is equal to boosting domestic demand and stimulating the economy. It also represents residents' current and future expectations of the economy.

PCE data for the second quarter,

The data recorded 2.8%, which is in line with expectations and previous values. PCE data may be a relatively important data in the early stage of the current interest rate cut cycle, and it is also the inflation data that the Federal Reserve pays the most attention to.

With the start of the interest rate cut cycle, people are still most concerned about whether inflation will rebound. However, this set of data is the second quarter data, which is already the data before the interest rate cut cycle. The data does not show a large deviation, and the interference to the expectations of subsequent data is small.

The focus is still tomorrow's PCE data for August.

Summary:

Today's data, taken out separately, actually has little impact on the current market situation, but overall, data preference, this data as a whole can make the market have a certain optimistic impact on the future economic stability.

Of course, the most important thing is whether the speech of the Federal Reserve officials tonight will use this set of data to stabilize the market and have an optimistic outlook on the future economy.