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An energized GOP awaits Donald Trump's acceptance speech at the Party's Convention.

And where do economists see inflation, growth, and interest rates headed in the coming months?

They argue collectively that the economy is normalizing rather than deteriorating in a more dangerous fashion.

Plus, Wall Street has a new favorite investment and it involves batteries.

It's Thursday, July 18th.

I'm Chip Cutter for the Wall Street Journal.

This is the PM edition of What's News,

the top headlines and business stories that move the world today. Where is the U.S. economy headed?

The Wall Street Journal's latest quarterly survey of economists shows forecasters remain optimistic, even as some data points hint at weakness.

Wall Street Journal markets reporter Sam Goldfarb joins us.

So Sam, what strikes you as most interesting from this survey?

It's as you said that the economists remain optimistic.

You know, we do these surveys every three months and for the longest time the economy

kept on being better than expected.

And then the story of not this survey, but the one before it was that

economists had kind of like finally given up their pessimism and were buying that the economy was going to stay strong.

And since then, there have been some hints at weakness.

I'd point to the unemployment rate has actually gone up faster than economists had expected and so you might

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