December rate rise as US hits ‘full employment’

09 November 2015

 

A massive jump in US non-farm payroll numbers on Friday has seen the odds of a December rate hike by the US Federal Reserve increase sharply. The US economy added 271k jobs in October and unemployment dropped to 5% - a level that most analysts call “full employment”. The market was expecting jobs growth of 182k. The odds of a rate hike jumped to over 70% and US 2 year...

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