The Traderszone Network

Published in TZ Latest News 6 November, 2015 by The TZ Newswire Staff

Surging U.S. job growth lowers bar for Fed rate hike

Employers outside of the farming sector added 271,000 jobs in October, the most in 10 months, and the jobless rate fell to a 7-1/2-year low of 5.0 percent, the Labor Department said on Friday. Policymakers at the U.S. central bank welcomed the data and investors increased bets that the first rate increase in more than nine years will come next month. “We’ve indicated that conditions look like they could be right for an increase,” Chicago Federal Reserve Bank President Charles Evans told CNBC.