The U.S. economy is showing strength in key sectors, offering the Federal Reserve the comfort it has sought to raise short-term interest rates in December.
Minutes from the Fed’s November meeting, released Wednesday following the usual three-week lag, indicated officials were looking for signs of an improving economy before increasing rates. Since then, the U.S. has seen a steady stream of robust economic news and a brighter consumer outlook in the wake of Donald Trump’s election.
With the outcome of the presidential election settled and employment and inflation on the rise, economists and market participants almost overwhelmingly expect the Fed to raise rates in three weeks’ time.
Read more at The Wall Street Journal: Economic Resilience Bolsters Prospects for December Rate Rise – WSJ