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. Against that backdrop, Federal Reserve Chairwoman Janet Yellen on Friday is expected to signal that an increase in interest rates is coming — soon.
http://www.marketwatch.com/story/us-economy-providing-ammo-for-higher-interest-rates-2016-08-21
