❗️ Strong US employment data: Fed may raise rates in December
October US labor market data is out, and it came in stronger than expected.
➖ New jobs: 165,000 vs. 65,000 forecast.
➖ Unemployment: 4.1% vs. 4.2% forecast.
➖ Wages: +0.4% month over month and +3.1% year over year.
After this, the odds of the Fed raising rates in December rose to around 77%.
A strong labor market gives the Fed—the US central bank—more reason to raise rates. And rapid wage growth increases the risk of high inflation.
🔥 Free course on making money with crypto
October US labor market data is out, and it came in stronger than expected.
➖ New jobs: 165,000 vs. 65,000 forecast.
➖ Unemployment: 4.1% vs. 4.2% forecast.
➖ Wages: +0.4% month over month and +3.1% year over year.
After this, the odds of the Fed raising rates in December rose to around 77%.
A strong labor market gives the Fed—the US central bank—more reason to raise rates. And rapid wage growth increases the risk of high inflation.
🔥 Free course on making money with crypto
