US Economic Data Expected to Bolster Case for October Rate Hike

US economic data due this week is expected to show further signs of strength, supporting arguments from some Federal Reserve officials for an interest rate hike as soon as October. Recent figures have already pointed to a rebounding economy, with retail sales jumping in August and business activity rising at the fastest pace in more than five years.

Key economic reports due this week will likely provide additional evidence of the US economy's resilience. These include data on employment numbers, which could reveal whether job growth is accelerating or slowing down.