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US ECONOMY

Turnaround in US fuels rate hike debates

Even as the doves and hawks argue, the economy is likely to hum on in run-up to the Xmas shopping season

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Orders for durable goods expanded by the most on record in July, reflecting the rise in US household wealth, which hit a new high in the second quarter.

BY SOME measures, the US has never had it so good.

Several recent statistics indicate that, at least on paper, the tepid economic recovery is becoming a red-hot boom, but this could fizzle out once the Federal Reserve stops its latest stimulus at the end of October, or if long-awaited

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