The Zhitong Finance App learned that the US economy (or GDP index) expanded at the fastest pace in two years in the third quarter, thanks to resilient consumer and corporate spending and a calmer trade policy compared to the second quarter. However, after the GDP was announced, some economists quickly warned that this strong growth trend is unlikely to continue until 2026. To a certain extent, this means that the sudden jump in GDP against the backdrop of sluggish non-farm payrolls data strengthens expectations of a “soft landing,” but it does not indicate that the US economy has completely achieved the soft landing trajectory that Federal Reserve officials have in mind.

The Zhitong Finance App learned that the US economy (or GDP index) expanded at the fastest pace in two years in the third quarter, thanks to resilient consumer and corporate spending and a calmer trade policy compared to the second quarter. However, after the GDP was announced, some economists quickly warned that this strong growth trend is unlikely to continue until 2026. To a certain extent, this means that the sudden jump in GDP against the backdrop of sluggish non-farm payrolls data strengthens expectations of a “soft landing,” but it does not indicate that the US economy has completely achieved the soft landing trajectory that Federal Reserve officials have in mind.