WS #16540
The US economy grew at a 3.4% annualized rate in the third quarter, demonstrating resilience despite higher inflation and rising Treasury yields. This strong economic data provides a supportive backdrop for equities ahead of the US midterm elections, though the persistence of inflationary pressures may limit the Federal Reserve's ability to cut rates aggressively, keeping pressure on rate-sensitive sectors like real estate and growth tech.
US Economic Data and Midterms
The US economy grew at a 3.4% annualized rate in the third quarter, demonstrating resilience despite higher inflation and rising Treasury yields. This strong economic data provides a supportive backdrop for equities ahead of the US midterm elections, though the persistence of inflationary pressures may limit the Federal Reserve's ability to cut rates aggressively, keeping pressure on rate-sensitive sectors like real estate and growth tech.