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Jobs report clears the way for fed rate increase – Hilsenrath

FXStreet (Mumbai) - The WSJ’s Fed watcher Jon Hilsenrath believes the November payrolls report has opened the doors for a Fed rate hike.

Key Points

Friday’s employment report clears the way for the Federal Reserve to raise short-term interest rates by a quarter-percentage point at its Dec. 15-16 policy meeting, ending seven years of near-zero interest rates.

Fed officials projected in September the jobless rate would finish the year at 5%, meaning their forecast is on target and setting the stage for them to proceed.

Payrolls increases averaged 218,000 on a monthly basis in the September-through-November stretch, more than enough to meet the Fed’s objectives.

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