The US economy accelerated to a growth rate of 4.9% in the third quarter, and the financial market expects the Federal Reserve to maintain interest rates in November.

BlockBeats News, October 26th, the US economy grew at its fastest pace in nearly two years in the third quarter, boosted by rising wages due to a tight labor market, which helped to boost consumer spending. The US economy once again ignored the persistent warnings of economic recession since 2022. According to data from the US Department of Commerce, US GDP grew at an annual rate of 4.9% in the third quarter, the fastest pace since the fourth quarter of 2021. Although this strong economic growth is unlikely to continue, it demonstrates the resilience of the economy. The growth in the fourth quarter of the US may slow down due to the strike by the United Auto Workers and millions of Americans resuming student loan repayments. Most economists have revised their forecasts and believe that the Federal Reserve can achieve a "soft landing" for the economy. Financial markets expect the Fed to maintain interest rates in November. (Jin10)