The Conference Board Economics Watch ®United States View—September 23 2015

The US economy has held up reasonably well, boosted by decent consumer spending and a gradual strengthening of single-family housing. But weak investment, weak demand for exports, a stronger dollar, and a large build in inventories are conditions limiting expansion of industrial activity. Meanwhile, the Federal Reserve is cautious about raising short-term interest rates, while financial market volatility remains elevated, inflation remains well below target, and fiscal policy remains stubbornly gridlocked.