The US economy continues to expand but there is little potential for momentum to build and allowgrowth to accelerate. The keys to faster growth are job creation, higher wages and a diminishing ofthe external headwinds that the economy has been battling all year.The Federal Reserve reported that total industrial production (IP) fell by 0.4% m/m in May, afterhaving risen in April by 0.6%. Utility output dropped by 1.0% and mining eked out a 0.2% gain, as theproduction of both coal and metal ores increased.
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