ChainCatcher news indicates that, according to market forecasts, data released by the U.S. Department of Commerce on Wednesday will show that the seasonally and inflation-adjusted Gross Domestic Product (GDP) grew at a strong annualized rate of 3% in the third quarter, unchanged from the previous value. If this expectation comes true, it will mark the 10th consecutive quarter of expansion for the U.S. economy.At the same time, the market also expects the report to show that the core PCE price index for the third quarter will significantly slow down to 2.1% from the previous value of 2.8%, approaching the Federal Reserve's 2% inflation target. The Federal Reserve uses the PCE price index included in the GDP estimate as its primary inflation indicator.Another driving factor for the Federal Reserve's interest rate cuts is inflation, with the second quarter core PCE price index likely getting closer to the Fed's target. Citigroup expects U.S. GDP growth to be below expectations at only 2.6%, but anticipates that the inflation indicator for the quarter will reach the 2% target, a figure that may help solidify the Fed officials' decision to only cut rates by 25 basis points next week. (Jin Shi)