A preliminary report shows new orders and shipments for big-ticket manufactured durable goods lost steam in August. Inside the report, however, is some evidence that business investment for the long term is increasing.
Economic Watch: Positive Indicators Prompt Talk of Interest Rate Hike
U.S. private sector employers reported another month of strong job gains on Wednesday, two days ahead of a government report. With increases in consumer confidence, personal spending and wages, it adds up to talk of a hike in interest rates as soon as September.