Jobs report boosts speculation growth is strong enough for the Federal Reserve to consider higher rates

Jobs report boosts speculation growth is strong enough for the Federal Reserve to consider higher rates. US stocks were little changed near records, while emerging-market equities climbed to a 13-month high. Data from employment to housing is fueling confidence that the world's largest economy is rebounding after the worst contraction in GDP since 2009. Economists in a Bloomberg survey forecast the Labor Department will report tomorrow that employers added 215,000 jobs in June, compared with 217,000 in May. The ADP data today indicated staffing at companies climbed last month by the most since November 2012, boosting bets growth is heating up enough for the Fed to consider raising interest rates. The Fed has kept its benchmark rate near zero since December 2008. Full article on overnight events from Bloomberg:


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