Inflation now the key ingredient for a US rate rise

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)

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.