According to China Gold, the three-quarter round-up rate of GDP in the United States was 4.9 per cent, and economic growth rebounded significantly in the first half of the year. From a sub-section, the rebound contribution of the inventory is clear, indicating that the stock is replenished or has been quietly opened, and that final sales after the inventory has been removed are also strong, indicating that the domestic demand of the economy continues to expand steadily. Further, the sharp increase in private consumption expenditure in the three quarters indicates that the population ' s consumption capacity is still strong, which is inconsistent with the perception that excess savings is prevalent in the market. We believe that strong GDP supports higher and longer US interest rates, but has limited influence on the Fed’s interest-rate decisions, and the Fed’s interest rate continues to be suspended next week, waiting for more four-quarter data to be released.