Economic Resilience - The U.S. economy has demonstrated unexpected resilience, with the second quarter real GDP annualized growth rate revised to 3.8%, surpassing the previous expectation of 3.3% [1][4] - Nominal GDP grew approximately 6.0% during the same period, indicating dual expansion in economic activity both in price and real terms [1] Consumer Spending and Imports - The upward revision in GDP is primarily attributed to strong consumer spending and a statistical effect from declining imports, which contributed positively to GDP [4] - Continued active household consumption serves as a solid support for economic growth [4][5] Inflation and Monetary Policy - The latest PCE data for August shows overall inflation at 2.7% year-on-year, with core inflation at 2.9%, remaining above the Federal Reserve's 2% target [5] - The market anticipates a modest interest rate cut of 25 basis points by the Federal Reserve in October [5] Federal Reserve's Approach - The Federal Reserve's room for maneuver has reopened, but high housing and service prices suggest a cautious and gradual approach to monetary easing rather than an aggressive shift [6] Global Business Implications - The U.S. economy's "time-sensitive execution" advantage is emerging, where companies that can quickly bring R&D results to market will achieve exceptional returns [6] - Global companies face both challenges and opportunities, as tariffs and supply chain restructuring will compel multinational corporations to accelerate their U.S. or nearshore operations [6] Capital Market Predictions - If the Federal Reserve enters a rate-cutting cycle, capital-intensive sectors such as AI, semiconductors, and medical technology are expected to benefit directly [6] - Investment will favor projects that can quickly generate cash flow and demonstrate scalability, indicating a selective approach to capital allocation [6] Strategic Outlook - The latest GDP report highlights the structural resilience of the U.S. economy, providing new strategic references for global capital and businesses [6] - Companies that can leverage the rapid response mechanisms of the U.S. market, optimize supply chain flexibility, and utilize capital markets for scaling are likely to convert short-term resilience into long-term advantages [6]