Deep Tide TechFlow News, on October 31, according to Jin10 data, CITIC Research Report states that the actual GDP of the United States in Q3 2024 is expected to grow at an annualized rate of 2.8%, slightly lower than the market expectation of 3.0%, and also a slight decline from the 3.0% in Q2, but still a commendable performance.

In terms of components, personal consumption expenditure is strong, business equipment investment is expanding, and exports and government spending are accelerating, indicating that the growth of the U.S. economy remains healthy. Relatively weaker are real estate investment and construction investment, showing that high interest rates continue to have a suppressive effect.

In addition, inflation further declined in Q3, suggesting that the U.S. economy is moving towards a soft landing. CITIC believes that the Federal Reserve does not need to significantly cut interest rates for now, expecting a 25 basis point rate cut next week, while whether to skip a rate cut in December will depend on the progress of inflation.