[Breaking news in the United States this week is expected to strengthen the Federal Reserve’s case for raising interest rates in October] September 28th, several important economic data to be released this week are expected to further show that the U.S. economy is strengthening, thus providing more basis for the claims of many Federal Reserve officials that interest rates should be further raised. Recent data shows that U.S. retail sales grew in August and business activity expanded at the fastest pace in more than five years in September, raising market expectations that the Federal Reserve will raise interest rates again as soon as October. But the good news about economic growth comes with a price: Inflation remains above the Fed's 2% target, forcing the central bank to consider raising interest rates again, further putting pressure on households and businesses. Earlier this month, the Federal Reserve raised interest rates for the first time in three years. Adding to the tension, the Fed's next interest rate decision will be announced just days before the closely watched midterm elections.