Strong US inflation and growth will keep Fed on a tightening path

The US economy is showing robust growth and high inflation rates, with third-quarter figures and September's PCE data indicating a hot economy. This strong performance implies the Federal Reserve will likely continue its tightening monetary policy to manage inflation, which could impact interest rates and economic activities. The implications of sustained high inflation and growth are significant for both consumers and businesses, potentially leading to higher borrowing costs and a more cautious economic outlook. For more details, check out the full article on the Financial Times website.