AI Data Insight
According to the latest data, the annualized quarter-over-quarter growth rate of durable goods within the US personal consumption expenditures for the third quarter of 2026 fell to 2.1%, slowing significantly from 5.0% in the previous quarter. Although durable goods consumption is suppressed by high interest rates, the steady expansion of non-durable goods and services consumption, coupled with surging corporate investment driven by AI, supported better-than-expected overall GDP growth. In the coming months, close attention must be paid to the performance of the holiday shopping season and the impact of the Federal Reserve's interest rate path on consumption momentum.