The Traderszone Network

Published in TZ Latest News 22 October, 2015 by The TZ Newswire Staff

U.S. housing, jobs data point to fairly strong economy

U.S. home resales rebounded strongly in September and new applications for unemployment benefits hovered around 42-year lows last week, pointing at solid domestic fundamentals even as the global economy falters. Thursday’s upbeat housing and labor market reports could keep the door open to an interest rate hike from the Federal Reserve by the end of the year. What you are seeing in the data is that the domestic picture looks strong and I think that’s what the Fed is going to be looking at closely,” said Thomas Costerg, a U.S. economist at Standard Chartered Bank in New York.