Part 6/10:
While the third-quarter GDP data indicates resilience, momentum may falter in the coming months. Several factors contribute to this cautious outlook:
- Potential Federal Reserve rate hikes: Despite recent figures, the Fed’s policies remain pivotal. The Federal Reserve's upcoming meeting on November 1st will be crucial in determining whether interest rates will remain unchanged or increase again. Higher rates tend to suppress economic activity, and recent data, including a rise in jobless claims (up 10,000 to 210,000 workers), suggests potential softening.