U.S. Treasury debt yields rose on Friday after data showed the world's largest economy grew at a faster rate than expected in the third quarter, suggesting the U.S. Federal Reserve was on track to raise interest rates at its December meeting.
The U.S. economy continues to perform steadily in the face of headwinds, though leaders need to work together and use all tools at their disposal to promote growth, U.S. Treasury Secretary Jack Lew said today.
U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a rebound that would continue to support economic growth in the second quarter.
