Premature Fed Rate Hikes Could Cause Global Collateral DamageGuest Post
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 . . .
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