US gross domestic product rose by an annual rate of 3% in the third quarter - a feat that has surprised the market and economists considering the impact of two devastating hurricanes during the period.
Indeed, inventory restocking following the supply chain problems experienced in the aftermath of Hurricanes Harvey and Irma may have had something to do with the surprisingly robust print.
But many US analysts say that consumer spending is now responding to stronger wage growth and the third-quarter data appeared to confirm this.
The one enigma that remains is inflation. The Federal Reserve takes its inflationary stance from personal consumption expenditures, which have remained subdued - currently at 1.3% in August - despite the economic buoyancy and the weakness of the dollar.
Contrast this with consumer price inflation (CPI) and it's a different story. CPI is advancing, and has hit 1.7% - leading some to believe that inflation will soon start to move back to the Fed's 2% target.
But what does all this mean for monetary policy?
Some had begun to doubt how much further the current rate-hike cycle had to go - but many now feel that the central bank can press ahead.
Aberdeen Standard Investments - Guy Nicholls: "What this really tells us is that the US economy hardly skipped a beat after the recent hurricanes.
"But you still have to treat these figures with some caution: they’re early estimates based on partial data and are always revised. But our ‘nowcast’ of US economic activity, which aggregates together a broad range of high frequency data, has been suggesting that the economy is firing on all cylinders for some time now. And that’s before an increasingly likely tax cut that’s coming down the road.
“An interest hike in December is pretty much a foregone conclusion now. Inflation is the only piece of the puzzle missing. But with economic growth substantially above its trend rate, whoever leads the Fed next year will probably press ahead with a series of further interest rate hikes.”
Pantheon Macroeconomics - Ian Shepherson: "Headline GDP growth beat expectations because consumers' spending and business capex were stronger than implied by monthly data.
"Overall, this is a very solid performance, given the disruption caused by Hurricanes Harvey and Irma. Their net effect seems to have been smaller and shorter than we expected.
"Growth will be about 3% in Q4 too. That means payroll growth will rebound strongly, and the unemployment rate will keep falling; a sub-4% rate is just a matter of months away.
"Nothing drives Fed policy like the unemployment rate, which is why market expectations of just one further hike after December are unrealistic."
ING - James Smith: "It’s clear the US economy enjoyed another quarter of solid consumer spending, supported by the tight labour market. Business spending was also strong, backing-up what we’ve seen in recent business surveys."
"But does any of this matter for the Fed? Well, for a long time now, policymakers have seemed pretty comfortable about growth. Instead, with core PCE having fallen back significantly over recent months, inflation is still a far bigger conundrum.
"The core view on the committee is still that much of the recent dip is down to temporary factors, and with pipeline pressures building given higher commodity prices and the weaker dollar, we also suspect inflation will recover over the next few months.
"We still think the Fed is on course to hike again in December and twice more in 2018."
Infinox - Jacob Deppe: “Hurricanes Harvey and Irma had the potential to blow the US economy off course, particularly as they were expected to impact on consumer spending and construction.
“But the US economy had enough time to bounce back, demonstrating significant underlying strength and resilience in the third quarter.
“The question now is whether the Federal Reserve is moving too slowly? The US economy is now eight years into its recovery from the global financial crisis and global recession.
"There looks to be no reason for the US Federal Reserve to back off from an interest rate hike in December as planned, especially with core consumer price inflation rising to 1.7% in September."
Fexco Corporate Payments - David Lamb: "“It’s a measure of the heat in America’s economy that, despite two major natural disasters, it has still managed to post two successive quarters of 3% growth or above – the first time such a feat has been achieved since the financial crisis.
“With US consumer prices rising ever faster, nearly full employment and Americans’ paychecks climbing at close to 3% a year, some are even asking if the Fed’s hawkish rate hike plan is too slow – and floating the idea of faster rate rises next year."