Inflation now the key ingredient for a US rate rise
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Overnight: "The latest jobs report showed the US economy produced a whopping 271,000 jobs in October, much better than expected. The unemployment rate fell to 5%. The numbers were enough to convince the bond market that the Fed would indeed lift interest rates at its next meeting in December. Yields on shorter-term Treasury notes rose sharply as the markets priced in the prospect for a hike. And indeed, the report does seem to show that the US labor market is firing on all cylinders, with the unemployment rate falling to the notable psychological level of 5% that resonates with the broad populace. That should set the stage for the Fed’s first interest rate increase in more than nine years." (source: Quartz) Inflation remains below the Fed's target rate and remains the one thing that could stop Yellen raising rates: (VIEW LINK)
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