The US economy grew at its fastest pace in nearly two years in the third quarter, as the tight labor market led to wage increases, helping to boost consumer spending. The US economy has once again ignored the lingering warning of economic recession since 2022. According to data from the US Department of Commerce, the quarterly GDP rate in the third quarter of the United States was 4.9%, the fastest growth rate since the fourth quarter of 2021. Although this strong economic growth is unlikely to continue, it proves the resilience of the economy. Due to the UAW strike and millions of Americans resuming student loan repayments, growth in the United States may slow down in the fourth quarter. Most economists have revised their predictions, believing that the Federal Reserve can achieve a "soft landing" for the economy. Financial markets expect the Federal Reserve to maintain interest rates unchanged in November.