The US NFP Jobs Report revealed an increase of +211K jobs in November. This is +17K above the forecast. Additionally, the unemployment rate holds and wage growth retrenches back to +2.3%.The overall data fits into a ‘Goldilocks’ print – not too hot, not too cold.
What does this mean for the December 16 Federal Reserve announcements? It appears possible the markets are moving toward the first Federal Reserve rate hike.
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