Interest Rates and Wall Street

policymakers assessment: With domestic demand strengthening, inflation is also steadily rising, according to Euro News. The bullish data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year, but much will depend on policymakers' assessment of the impact on the U.S. economy of Britain June 23 vote to leave the European Union. Those expectations were further reinforced by other data on Friday showing that industrial production recorded its biggest increase in 11 months in June, driven by a surge in motor vehicle assembly. In normal times, this would be enough for the Fed to continue raising interest rates, said Harm Bandholz, chief U.S. economist at Uni Credit Research in New York. The Commerce Department said retail sales rose 0.6 percent last month after gaining 0.2 percent in May. But Fed officials want to wait and see if and how Brexit affects the outlook for the U.S. economy before pulling the trigger again. (news.financializer.com). As reported in the news.