The Traderszone Network

Published in TZ Latest News 5 November, 2015 by The TZ Newswire Staff

U.S. employment seen raising December rate hike chances

U.S. job growth likely accelerated in October after two straight months of tepid gains, with wages also picking up in a show of domestic strength that would bolster prospects for a December interest rate hike from the Federal Reserve. With speeches from several Fed officials, including Chair Janet Yellen, suggesting a low bar for a December rate increase, economists say job gains above 150,000 in October and November would be sufficient for the central bank to lift benchmark overnight borrowing costs from near zero. Minutes from the Fed’s Oct.

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