The US production slip won't halt the Fed's plans

The decline in US industrial production during August is not a concern. And, with the Fed set to cut its asset purchases this month, a rate rise is getting closer.

Production eased during August, but the US economy remains healthy and should post solid gains in the September quarter.

Growth has picked up considerably after a soft start to the year, highlighting the resilience of the recovery and that the economy is well placed to end the year on a high.

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