Here's how split the view is on rate hikes

Julie C. Nichols General

Reblogged from #CNBC – @Kelly_Evans

One day. Three data releases. Two polar opposite takeaways. It’s no wonder investors are frustrated. Tuesday brought the release of April figures on housing, consumer prices and U.S. industrial production.

The production and inflation figures in particular have been hotly anticipated ahead of the Federal Reserve’s June meeting on interest rates, and after Friday’s better-than-expected April retail sales report. The key question on all minds: is the U.S. economy picking up or running out of steam?

The answer: both, according to economists.

"The U.S. economy is rebounding nicely in the second quarter," wrote Harm Bandholz, chief U.S. economist at Italian bank UniCredit, to clients. "It began … with a very strong retail sales report, and continued today with solid inflation numbers and a surge in industrial production."

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