Today's jobs report has strengthened the case for a potential Fed rate hike in December.
The US unemployment rate held at 4.1%, matching its lowest level in 21 months, while the economy added 165,000 jobs last month the strongest job growth in seven months.$UAI
A resilient labor market gives the Fed more room to focus on inflation, and both CPI and PPI have been trending higher.$CYBER
A strong job market combined with sticky inflation increases the chances of another rate hike. Nothing is guaranteed yet, but if the next CPI and PPI reports come in hotter than expected, a December hike could become highly likely.
$AKE
#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets
The US unemployment rate held at 4.1%, matching its lowest level in 21 months, while the economy added 165,000 jobs last month the strongest job growth in seven months.$UAI
A resilient labor market gives the Fed more room to focus on inflation, and both CPI and PPI have been trending higher.$CYBER
A strong job market combined with sticky inflation increases the chances of another rate hike. Nothing is guaranteed yet, but if the next CPI and PPI reports come in hotter than expected, a December hike could become highly likely.
$AKE
#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets
