Economy and macroUpdated November 6

October U.S. jobs data lifts market expectations of a December Federal Reserve rate rise.

U.S. employers added 165,000 jobs in October, and unemployment fell to 4.1%, according to Asharq Business with Bloomberg. The stronger-than-expected report increased market expectations of a Federal Reserve rate rise in December. Asharq Business with Bloomberg put the probability of a December increase at 78%, a market estimate rather than a Federal Reserve decision. Its coverage also said stronger job growth contributed to a decline in U.S. Treasury bonds.

1 publisher2 reports

Coverage started November 6