Data released tonight is likely to show: the U.S. economy continues to grow strongly, while inflation is close to or even below the Federal Reserve's 2% target.

In the third quarter of this year, the U.S. economy seems unstoppable and has dodged a 'bullet'.$BTC $ETH

According to market forecasts, data released by the U.S. Department of Commerce on Wednesday is expected to show that the seasonally adjusted and inflation-adjusted GDP for the third quarter grew at a strong annualized rate of 3%, unchanged from the previous value. If this expectation comes true, it would mark the 10th consecutive quarter of expansion for the U.S. economy.

Meanwhile, markets also expect the report to show that the core PCE price index for the third quarter will slow significantly from the previous value of 2.8% to 2.1%, close to the Federal Reserve's 2% inflation target. The Federal Reserve uses the PCE price index included in GDP estimates as its primary inflation gauge.

Therefore, the report should indicate that the U.S. economy is robust, inflation is easing, at least compared to a year ago. Oliver Allen, a senior economist at Pantheon Macroeconomics, wrote in the report, 'The economic slowdown we and many others have been anticipating has clearly not yet materialized.'

So, is everything really fine with the U.S. economy? Perhaps not. Allen added, 'The recent strong momentum in economic growth seems increasingly unsustainable.'

In what may be the least popular economic recovery in history, there are ongoing concerns about whether the U.S. can rely on sustained consumer spending to maintain growth amid escalating credit worries and seemingly slowing hiring. Most importantly, some economists express concern that inflation may heat up again next year, depending on the election outcome.

Allen believes that the period from July to September this year will be the last significant growth in U.S. GDP data. Although he does not think the economy will collapse, he expects growth to be close to a negligible 1.5% by 2025. Allen wrote, 'The deteriorating growth outlook will trigger a further significant loss of momentum in the labor market, causing the unemployment rate to rise faster than the Federal Reserve expects. Therefore, we anticipate that the Federal Reserve will loosen monetary policy more quickly and significantly than most investors and commentators currently expect.'

Another driving factor for the Federal Reserve's interest rate cuts is inflation; the core PCE price index for the second quarter is likely to get increasingly closer to the Federal Reserve's target.

In fact, Citigroup expects U.S. GDP growth to be below expectations at only 2.6%, but it anticipates that the inflation measure for the quarter will reach the 2% target, a figure that may help solidify Federal Reserve officials' decision to only cut rates by 25 basis points next week. Citigroup economist Alice Zheng wrote:

'Factors driving inflation down come not only from falling commodity prices but also from easing service inflation. Overall, yet another above-trend economic growth and benign inflation data would be welcomed by the Federal Reserve!#下一BTC历史新高是多少？ #比特币布林带收窄至低水平 #美国职位空缺降至3年来最低水平 #BinanceBlockchainWeek #美国大选后行情预测