AI Data Insight

The latest seasonally adjusted total US personal income for Q3 reached $27.11 trillion, growing 0.45% from the previous period and significantly beating the market consensus of 0.2%. Benefiting from the dual growth of wages and social benefits, the public retains the financial resilience to withstand inflation. However, the strong data has also boosted market expectations for a Fed rate hike in September, warranting caution against interest rate volatility risks in the short term.

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