Premature Fed Rate Hikes Could Cause Global Collateral Damage by Dan Steinbock US October jobs report was stronger than expected. It may trigger a premature rate hike. AFTER 271,000 were jobs added in October, US unemployment rate fell to 5.0 percent. Meanwhile, average annual hourly earnings climbed by the most since 2009. As a result, the dollar strengthened and treasuries plunged. The report was seen as a green light for the Fed’s chief Janet Yellen and her deputy Stanley Fisher, who recently held out the possibility of a December rate increase. Nevertheless, US employment suffers from structural deceleration, which will…
Premature Fed Rate Hikes Could Cause Global Collateral Damage
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