Report | Despite mixed data last week, rate hike virtually certain
Although last week's data was imperfect, the economy cleared the last real hurdle before this week's near-certain rate hike.
On the positive side, the service sector of the economy continues to look fairly strong. The ISM Non-Manufacturing Index for November rose to a 13-month high, exceeding expectations. Strength was pervasive across the index—in business activity, orders, and employment. When combined with the mildly positive reading from the ISM Manufacturing Index two weeks ago, these results solidify the picture of an economy that is growing above trend.
Learn more in our complete economic insight report for December 12, 2016.
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