Финансы в Канаде
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The jobs data settles it. The Federal Reserve is firmly “in play”! Specifically, we just learned the U.S. economy created 263,000 jobs in September. Not only that, but the unemployment rate also fell further to 3.5%. Economists thought it would hold steady at 3.7%. Average hourly earnings also rose 0.3% from August and 5% from a year ago. These aren’t the kinds of numbers that will scare the Fed away from hiking rates again. In fact, they make it more likely we’ll see another 75-point hike in early November rather than only 50. That’s why the bond market got whacked in the wake of the data, and why things like mortgages and corporate loans are likely to get even more expensive.
