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December interest rate increase

Article Index

Odds of a Fed Interest Rate Hike in December Just Increased Dramatically

By , Contributing Writer, Money Morning -

december rate hike

The odds of a Fed interest rate hike in December dramatically increased over the weekend.

One of the biggest reasons why was a strong October jobs report. The U.S. Labor Department reported Friday that non-farm payrolls rose 271,000 last month. The unemployment rate dipped to 5% from 5.1% and now sits at a level considered "full employment."

Here's what you need to know...