Fasten your seatbelts, the US GDP will be the first to "explode" the audience tonight!

In the third quarter of this year, the US economy seemed unstoppable and dodged another "bullet".

According to market forecasts, the data released by the US Department of Commerce on Wednesday will show that the gross domestic product (GDP) in the third quarter increased at a strong annualized rate of 3% after seasonal adjustment and inflation adjustment, unchanged from the previous value. If this expectation comes true, it will mark the 10th consecutive quarter of expansion of the US economy.

At the same time, the market also expects that the report will show that the core PCE price index in the third quarter will slow sharply from the previous value of 2.8% to 2.1%, close to the Fed's 2% inflation target. The Fed uses the PCE price index included in the GDP estimate as its main inflation indicator.

Another driver of the Fed's policy rate cut is inflation, and the core PCE price index in the second quarter is likely to get closer and closer to the Fed's target.

In fact, Citigroup expects US GDP growth to be lower than expected, at only 2.6%, but expects the inflation indicator for the quarter to reach the 2% target, a figure that may help to solidify Fed officials' decision to only cut interest rates by 25 basis points next week.