U.S. economy on firmer footing but . . .

http://www.marketwatch.com/news/story.asp?guid=%7B8EAA8438-1152-11E1-A8DB-002128040CF6%7D&siteid=rss&rss=1 The U.S. economy is gaining momentum after an early summer lull, a slew of data appear to suggest, and easing the threat of another recession. Yet for all the recent good news, hardly any economist is predicting a full-fledged recovery is finally here.
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No need for further rate hikes, should start reducing asset holdings soon: Fed’s Bullard
U.S. new home sales up 2.9% in May, median sales price hits all-time high
U.S. auto industry downturn already here for thousands of auto workers
U.S. jobless claims rise, slightly but labor market remains tight
U.S. current account deficit expands 2.5% of GDP in the first quarter
U.S. home resales increases 1.1% vs. 0.5% expectation
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