STRONG U.S. GDP HIGHLIGHTS RISKS OF FEWER FED CUTS The Federal Reserve is likely to view the faster-than-expected rise in third-quarter U.S. GDP as evidence of strong underlying demand, according to Barclays economists. While volatile factors such as net exports may overstate growth, consumer spending remains solid across services and goods. Private domestic final purchases rose 3.0% quarter on quarter, similar to the prior quarter, underscoring the risk of fewer Fed rate cuts. Barclays raised its 2025 year-end growth outlook to 2.0%.(*Walter Bloomberg)