Nonfarm payrolls and PCE to be released this week; U.S. economic resilience may once again boost rate hike expectations.

Zhito Finance APP has learned that a number of key economic reports due to be released this week are expected to further confirm that the U.S. economy is strengthening, providing support for the argument by several Federal Reserve officials that interest rates should be higher. After recent data showed that U.S. retail sales rose sharply in August and business activity in September grew at the fastest pace in more than five years, market expectations for another rate hike as early as October have heated up.