• Fed Still on Track for Interest Rate Hike After November Jobs Report

    5 monthes ago - By Fortune

    A slight miss on monthly U.S. payroll data hasn't shifted odds that the Federal Reserve will raise interest rates at its Dec. 18-19 meeting, though the jobs report has made the gathering a lot more interesting.
    Investor bets on Friday put the probability of action above 70 percent, according to interest-rate futures. Failing to hike could alarm financial markets that policy makers are more worried about the economy than they've let on.
    It could also expose Chairman Jerome Powell to accusations he's caving to President Donald Trump, who has repeatedly complained about rate increases.
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