US GDP rises 5.2 percent annualized in Q3 2023 - stronger than expected

US GDP rises 5.2 percent annualized in Q3 2023 - stronger than expected

According to a report by finanzmarktwelt.de, the latest GDP numbers for the US in the third quarter of 2023 were released a few moments ago. US GDP grew at an annualized rate of +5.2 percent, a stronger growth rate than originally expected. In addition, the US GDP price index (GDP deflator) increased by +3.5 percent quarter-on-quarter, while the core PCE rate was +2.3 percent and real consumer spending was +3.6 percent.

This data can have a significant impact on the market and the financial industry. Such strong economic growth in the US could mean that the Federal Reserve feels less pressure to cut interest rates. There had previously been speculation about cutting interest rates, but with growth at 5.2 percent, the Fed appears less likely to take that step any time soon.

US economic growth could also impact the US dollar, US futures and US yields. Stronger growth could strengthen the dollar and push yields higher, while futures will depend on the market reaction.

Overall, the GDP numbers point to strong economic performance in the US, which could have various consequences for the market and the financial industry. It will be interesting to see how reactions to these numbers develop in the coming days.