FEDS Getting CLOSER To Their RATE HIKE

FEDS Getting CLOSER To Their RATE HIKE

There was a lot of information released regarding the job market this morning:

 

·        There were 300k new people in the job market last month, Higher than expected. Last previous month was revised from down 33k to plus 18k

·        The Unemployment rate dropped to 4.1% from 4.3%

·        The average work week (hours) and Hourly earnings was flat with no change

 

2) Interest Rates declined slightly this week, which was good news for borrowers, however, a Fed rate hike is expected before the end of the year.

 

3) We have a new Nominee for the Federal Reserve Chairman; Jerome H. Powell considered the best choice to continue the monetary policy of current Chairman Janet Yellen.


Jeff Wood Headshot
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Phone: 757-342-5985
Dated: November 3rd 2017
Views: 109
About Jeff: SELL OR BUY, FAST AND EASY!!! (25 years experience) Specialties: Buyer's Agent, Listing Agent, Re...

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