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Why The Fed Hikes In December: Strong Jobs, Low Layoffs
Source: seekingalpha.com
Economic DataMonetary PolicyInterest Rates & Yields
October employment added 165,000 jobs, nearly three times expectations, while unemployment fell to 4.1%. Upward revisions to prior months and broad-based hiring point to continued economic strength; the article says this removes the Fed’s rationale for holding rates.
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