The Globe and Mail reports in its Thursday, Oct. 1, edition that strong economic growth and earnings are pressuring the Federal Reserve and other central banks to aggressively raise rates. A Reuters dispatch to The Globe reports that for the rest of 2026, significant changes in growth and earnings are unlikely. United States GDP growth was likely above 8 per cent in the second quarter and is on track to top 9 per cent in the current quarter. About a third of GDP growth is estimated to be driven by the artificial intelligence spending surge, which shows no sign of slowing. Meanwhile, the third quarter earnings reporting season is almost upon us. Annual profit growth for S&P 500 companies, which topped a whopping 50 per cent in the second quarter is expected to top 30 per cent again in the third quarter and roughly 28 per cent in the fourth. AXA Group chief economist Gilles Moec says one reason the bond market is not sowing the seeds of its own stabilization is that higher yields are not having much effect on financial conditions in the wider economy. At least not yet. For the remainder of 2026, Reuters says there is little or nothing to substantially change the picture of hot growth and earnings.