In Q3 2025, the performance of the U.S. economy truly surprised many—GDP annualized growth reached 4.3%, far exceeding market expectations. The previous predictions that tariff policies would trigger an economic collapse now seem somewhat unfounded.

Behind this performance, consumer spending was the brightest spot. Private consumption growth reached 3.5%, marking the first time in three years that it surpassed government expenditure growth, indicating that households and businesses are taking over as the main drivers of economic growth. Meanwhile, federal spending actually shrank by 2.7%, suggesting that economic growth is no longer relying on the old trick of "fiscal stimulus." Trade data is also improving—imports are declining, exports are rising, and signals of domestic capacity recovery are becoming increasingly clear.

Several factors are driving this round of growth. Fine-tuned tariffs combined with tax reform, and record-high energy production providing cost advantages. More importantly, once business inventories are adjusted, the 2026 corporate tax reform is expected to ignite a new wave of investment. Economists' logical chain is as follows: more investment → higher productivity → more employment and wage growth. Now, income growth is beginning to outpace inflation, easing household financial pressures.

The Atlanta Fed's forecast is even more aggressive—they expect Q4 growth at 3%, 2025 annual growth at 2.7%, and possibly surging to 5% in 2026, which would be an unprecedented high growth level in the U.S. in 40 years.

If this trend continues, the economic growth engine formed by tax cuts, deregulation, and energy independence will be quite strong. The combination of private sector dominance, improved trade structure, and gradually optimized monetary policy could make 2026 a pivotal year for the U.S. economy's resurgence. For the crypto market, such positive macroeconomic outlooks often bring opportunities for reallocation of risk assets.