U.S. Outlook: Right down the pike — now what?
Like a pitcher who’s on fire, U.S. economic data keeps coming in right across the plate.
For more on this and other developments this week, see my full report. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on Sept. 4.Key observations:
- The market volatility has investors on edge, but many have not yet lost hope.
- Consumers continued to spend aggressively on cars in August as light vehicle sales jumped to 17.7 million, the highest month rate of total sales since July 2005.
- Could the worst be over? A general global commodity price index, including oil prices, has turned higher after hitting a bottom on August 24th.
- U.S. economic data and outlook remain supportive of a September initial rate hike.