Read more of RSM’s insights on the economy and the middle market. To blindly throw darts and raise rates in the absence of data would not be wise. The economy will most likely post a strong growth number this quarter. But with Thursday’s revision to second-quarter gross domestic product and to economic data from 2017 to 2022, American consumers’ financial positions were not as strong as we thought. This is reflected in the sharp downward revision to the savings rate, which fell from 9.4% to 8.3% over the five-year period. When that data is added to the impact of the UAW strike and a potential government shutdown, the economy will likely slow materially in the final quarter.