Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
U.S. third-quarter GDP revised to 3.1% as consumer spending, exports rise

U.S. third-quarter GDP revised to 3.1% as consumer spending, exports rise

CointimeCointime2024/12/19 14:34
By:Cointime

the final annualized quarterly growth rate of US real GDP in the third quarter was recorded at 3.1%, while the previous forecast was 2.8%. The final quarterly growth rate of actual personal consumption expenditure in the third quarter rose to 3.7%. These data reinforce the view that although the market expects the US economy to eventually slow down, the economy is still growing strongly. The Fed previously hinted that the pace of interest rate cuts would slow down by 2025, triggering a stock market sell-off, partly based on recent stronger-than-expected economic data. 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DGAI: Trade to share 60,000 USDT

Bitget Announcement2026/09/03 13:00

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00