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GDP & Economic Growth - US GDP for the third quarter showed a massive upside surprise, coming in at 43% versus a prior of 38% and a survey expectation of 33% [1] - The GDP uptick was unexpected by many [2] - Aggregate demand was growing at a rapid rate [5] Federal Reserve & Interest Rates - The unexpectedly high GDP figure raises questions about the Federal Reserve's decision to cut rates by 075 percentage points in September [5] - The GDP data may influence Fed officials as they consider recalibrating interest rates in January, especially given the divided opinions within the FOMC regarding the last rate cut [6][7] - The front end of the curve on the two-year saw a big spike up to 35351 in yields following the 43% GDP reading [3] Economic Data & Market Reaction - Durable goods came in much worse than expected, dropping by 22% [2] - The GDP data is considered stale due to delays caused by a government shutdown [1][3]

Okay, let's uh let's keep doing this, Steve. It's it's pretty interesting. For more on all this data, I want to bring in uh Hyundai Yuba Yuva, uh senior US economist at BFA Securities.You're sitting there with Steve. What do you what do you what do you think of what you just heard. >> I think this is a very very impressive GDP report.As Steve correctly pointed out, 8% essentially nominal GDP growth. Consumer spending really beat expectations. This is pretty unusual.I mean we had the monthly data for July, A ...

Core Insights - The U.S. economy exhibited its fastest expansion in two years during the third quarter, driven by strong consumer and business spending along with more stable trade policies [1] Economic Performance - Consumer spending, the largest pillar of the U.S. economy, grew by 3.5% in the third quarter, significantly higher than the 2.5% growth in the second quarter, indicating strong consumer willingness despite borrowing cost pressures [5] - Non-residential investment continued to grow but saw a slowdown from 7.3% in the previous quarter to 2.8% [5] - Residential investment declined by 5.1%, consistent with the previous quarter's decline [5] - Gross Domestic Income (GDI) increased by 2.4%, down from 3.8% in the previous quarter [6] Policy Impact and Future Outlook - The economic report reflects growth momentum despite the withdrawal of Trump-era tariff policies, with the BEA adjusting its data release schedule due to a record-long government shutdown [7] - Economists anticipate that the government shutdown may pressure fourth-quarter growth, but there is cautious optimism for 2026, with expectations of a mild rebound as households receive tax refunds and potential judicial rulings may overturn extensive global tariff policies [7] Federal Reserve Position - Strong economic data aligns with the Federal Reserve's latest forecasts, with Chairman Powell citing supportive fiscal policies, spending on AI data centers, and sustained household consumption as key growth drivers for next year [8] - Some officials remain hesitant to significantly lower borrowing costs due to inflation rates exceeding the Fed's 2% target, with the core Personal Consumption Expenditures (PCE) price index rising by 2.9% in the third quarter [8] Key Economic Indicators - The annualized quarter-on-quarter real GDP growth for the third quarter was 4.3%, surpassing the expected 3.3% and the previous value of 3.8% [9] - The annualized quarter-on-quarter core PCE price index was 2.9%, matching expectations and up from 2.6% [9]

Economic Growth - The U.S. economy expanded at its fastest pace in two years in Q3, driven by resilient consumer and business spending as well as more stable trade policies, with an annualized GDP growth rate of 4.3%, surpassing expectations of 3.3% [1] - The actual personal consumption expenditure (PCE) for Q3 was recorded at 3.5%, exceeding the forecast of 2.7% and the previous value of 2.5% [1] - The core PCE price index for Q3 was reported at an annualized rate of 2.9%, in line with expectations and up from the previous value of 2.6% [1] Consumer Behavior - Consumer spending remains strong, with significant investment in data centers, although there is a paradox of economic growth without job creation [3] - The surge in automobile sales, driven by consumers purchasing before anticipated tariff increases, contributed to the economic growth in Q3, but this peak is expected to have passed [4] Future Economic Outlook - Economists predict a weak economic growth in Q4, potentially stagnating due to the impact of a government shutdown on spending and investment [3] - The overall GDP growth rate for the year is expected to be around 2%, considered robust but not strong [5] - Looking ahead to 2026, a moderate rebound in the economy is anticipated, supported by tax refunds for households and potential overturning of global tariffs by the Supreme Court [5]

Bond yields spiked and stock futures dipped after third-quarter gross domestic product growth clocked in well ahead of expectations.Inflation-adjusted GDP grew at an annualized rate of 4.3% from July through September, the Bureau of Economic Analysis said. That was well above the consensus estimate among economists polled by FactSet at 3%.The yield on the 2-year Treasury note jumped to 3.54%. The 10-year yield rose to 4.19%. ...

Welcome back to Squawkbox. Rick Santelli here live at CME HQ with some delayed but very important data points. We'll be looking at October preliminary durable goods.Philly Fed and GDP second time around the block delayed third quarter numbers. We're looking for 3.3% zoom zoom zoom 4.3%. 4.3%.That is a nice jump. And I know many may question day the gathering, but on the surface this would be the strongest quarter going back to the third quarter of 2023 when it was 4.7%. This is strong.3.5% on consumption bl ...

（文章来源：新华财经） 美国三季度实际GDP年化季环比大幅上修至4.3%，显著高于预期的3.3%和前值3.8%；核心PCE物价指 数同比升2.9%，符合预期。 ...

US economy unexpectedly grew at a much faster pace in the third quarter, new GDP report shows https://t.co/chC7YAUgmd ...

US economy unexpectedly grew at a much faster pace in the third quarter, new GDP report shows https://t.co/G3kI1LOQQ5 ...