According to CoinMeta, data from the U.S. Department of Commerce shows that real gross domestic product (GDP) in the third quarter grew by 3.4% on a year-on-year and quarter-on-quarter basis, consumer spending increased by 3.8%, and business equipment investment rose by 20.9%. Federal Reserve Chairman Kevin Warsh has stated that the U.S. economy is not overheating, but the latest data challenges this assessment, and the market continues to bet on the Fed raising interest rates in December.