U.S. labor productivity

U.S. December Interest Rate Hike Still Expected

December 2, 2015

In spite of yesterday’s weak U.S. purchasing managers survey in which the November index (48.6) fell to its lowest level since mid-2009, market participants by and large anticipate an initial federal funds rate hike later this month. In fresh U.S. developments today, ADP estimates a greater-than-assumed 217K increase in private-sector employment last month and revised […] More

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