US Growth Surges as Global Economies Slow, Testing Fed's Rate Hike Plans
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The US economy likely grew at the fastest pace in nearly 2 years during the third quarter, illustrating its strength as other major economies stagnate.
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Strong consumer spending is testing the Federal Reserve's policy skills after interest rate hikes, though more evidence of persistently high growth or tight labor markets may warrant further tightening.
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Asia faces slowing growth in China and investors are watching for signs of recovery in industrial profits data. Japan's election results may encourage more spending.
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In Europe, the ECB may signal it can resume tightening if needed, while other central banks like Israel's review policy for the first time since war broke out.
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Latin America faces high inflation and tight conditions pushing economies like Argentina's into recession, while Chile is poised to cut rates again amid disinflation.