<p><span data-teams="true"><strong>GLOBAL: The US economy expanded at a final annualized rate of 2.2% in the second quarter</strong>, driven by growth in consumer spending, business investment, and exports.</span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;Robust economic data sustained US Treasury yields near multi-decade highs</strong>, exerting slight downward pressure on equities.</span></p>

<p><span data-teams="true"><strong>Economic growth is expected to continue improving in the near term</strong>, driven by resilient consumer spending along with AI and business investment.&nbsp;</span></p>

<p><span data-teams="true"><strong>LOCAL: The Bangko Sentral ng Pilipinas said inflation likely quickened to 6.4% to 7.4% year-on-year in September, </strong>as bad weather pushed up food prices and fuel costs surged.&nbsp;</span></p>

<p><span data-teams="true"><strong>Market impact:&nbsp;The PSEi retreated to the 5,600 level amid inflation worries</strong>, while the peso weakened as traders awaited upcoming US data.</span></p>

<p><span data-teams="true"><strong>Metrobank projects higher September inflation driven by weather-induced supply constraints on agricultural goods</strong> and geopolitical tensions that pushed Brent crude above USD 100 per barrel.</span></p>