FEDS Getting CLOSER To Their RATE HIKE

Dated: 11/03/2017

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There was a lot of information released regarding the job market this morning:

 

·        There were 300k new people in the job market last month, Higher than expected. Last previous month was revised from down 33k to plus 18k

·        The Unemployment rate dropped to 4.1% from 4.3%

·        The average work week (hours) and Hourly earnings was flat with no change

 

2) Interest Rates declined slightly this week, which was good news for borrowers, however, a Fed rate hike is expected before the end of the year.

 

3) We have a new Nominee for the Federal Reserve Chairman; Jerome H. Powell considered the best choice to continue the monetary policy of current Chairman Janet Yellen.

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Jeff Wood

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