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The Market Expects U.S. GDP Growth In The Third Quarter To Drop By More Than Half Compared To The Second Quarter

The Market Expects U.S. GDP Growth In The Third Quarter To Drop By More Than Half Compared To The Second Quarter

The United States will announce its third-quarter GDP on Thursday. It is important to note that the market estimates that economic growth will only be 3%. If it is true, it means that the US economy in the third quarter will be reduced by more than half from the 6.7% growth in the second quarter, indicating that there is something wrong with the US economic recovery. Investors are advised to pay close attention to the announcement of figures. As for the September PCE deflator announced on Friday, it is the most important inflation indicator for the Fed. The annual growth rate in August was 3.6%, which is far higher than the 2% target set by the Fed. Observing the situation in September, the above three figures are believed to be the figures that the Fed will refer to when formulating monetary policy at the interest rate meeting on November 3.
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