Veytics Intelligence
2026-11-09 · Thedailyupside

Does a Hot Jobs Report Guarantee a December Rate Hike? - The Daily Upside

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Experts say that new market realities, driven by a brand new political economy, may stop the Fed’s rate-hiking campaign in its tracks. All the pieces are now in place for another quarter-point rate hike at the Fed’s December meeting. That doesn’t mean it has to happen. The US Labor Department delivered a better-than-expected jobs report on Friday, showing 165,000 new nonfarm jobs added in October, or way, way, way higher than the 59,000 that most experts had expected. The beat came just a day after the announcement that weekly jobless claims had fallen to a 57-year low, a week after a stronger than expected GDP report and ahead of Tuesday’s CPI report, aka the last major data dump ahead of next month’s FOMC meeting.

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