It's going to be volatile. The odds for a rate hike in June will go back and forth for the next couple of months.
Consumers are more optimistic during this holiday season, and retailers hope this means that they will hear the ringing of cash registers in what has been a lackluster sales period so far. This augurs well for a continued expansion of the economy next year.
It suggests that the industrial production setback reported for June is unlikely to last and that production geared up the very next month.