Economic Preview: U.S. economy providing ammo for higher interest rates


The U.S. economy is sitting pretty compared to most of the rest of the world.

As the dog days of summer draw to a close, the economy appears primed for somewhat faster growth in the second half of the year that’s likely to pave the way for higher U.S. interest rates.

Hiring has accelerated after a spring pause, consumer spending is steady and shows no sign of slowing, the housing market is the best it’s been in years and even the struggling manufacturing sector appears to have stabilized.

A raft of new reports this week is likely to underscore a picture.

>>> Original Source <<<