A major employment boost and hourly wages rising propose this is the time to act,but the US economy is not free of problemsJanet Yellen’s finger is poised over the button. The US Federal Reserve will finally select the plunge and raise interest rates when it meets again just before Christmas. The days when borrowing costs were kept at zero are coming to an end.
That was the interpretation Wall Street was putting on Friday’s news that the world’s biggest economy created 271000 extra jobs in October and, barring a gargantuan domestic or global crisis in the next month or so, and it is almost certainly the correct one. Related: US looks set for December interest rate rise after jobs boost Related: Fresh signs of slowdown will force interest rates rise to be effect on hold Continue reading...
Source: theguardian.com