ODDS OF A FED RATE HIKE IN DECEMBER RISE TO 78%.
The latest U.S. jobs report is adding pressure on the Fed to consider raising interest rates.
The U.S. labor market is stronger than expected:
• Unemployment rate: Fell to 4.1%, below the expected 4.2%. • Jobs added in October: 165,000—exceeding expectations by 100,000.
Meanwhile, inflation remains persistent, running at nearly twice the Fed’s 2% target.
The latest U.S. jobs report is adding pressure on the Fed to consider raising interest rates.
The U.S. labor market is stronger than expected:
• Unemployment rate: Fell to 4.1%, below the expected 4.2%. • Jobs added in October: 165,000—exceeding expectations by 100,000.
Meanwhile, inflation remains persistent, running at nearly twice the Fed’s 2% target.
