More Grist for the Fed's Mill

Strong consumer confidence and a housing market heading for a soft landing should persuade the central bank that another rate hike is needed

What kind of signals for U.S. economic growth is the Federal Reserve receiving ahead of its June 28-29 policy meeting? Based on the June 27 release of the June consumer confidence data and the May existing home sales report, the economy continues to show a lot of momentum. With Fed Chairman Ben Bernanke & Co. keying on every piece of data, we at Action Economics take a look at the two releases:

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