U.S. industrial production picked up in June, climbing 0.3% after little change in May for the biggest gain since February. The latest figure suggests a robust manufacturing base carrying into the second half, boding well for the economy. "I see this as a sign of some strength as we ended the second quarter. All of this feeds into thinking that the [Federal Reserve] will start to taper," said Stuart Hoffman, chief economist at PNC Financial Services Group.
Published in Briefs: