US Economy Still Strong in Q3 But Slowing; Job Market Resilient While Debt and Inflation Pose Future Challenges
• US Q3 GDP growth revised down slightly to 4.9% from 5.2%, still showing a strong economy
• Growth driven by consumer spending, business investment, though slower than Q2
• Fed expected to cut rates in 2020 despite resilience, with inflation cooling
• Jobless claims ticked up but remain low, signaling still-strong job market
• Americans taking on more debt, spent pandemic savings, challenges ahead