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Jobs Report Gives a Green Light to Fed
The October jobs report on Friday provides a domestic green light for the Federal Reserve to raise rates when its policy-making committee meets on Dec. 15-16. Whether it ends up doing so will be a function of two things: whether the balance of the U.S. data in the next six weeks is consistent with the report (which I think will be); and whether international conditions remain as calm or calmer than they are today (more of a question mark, though the Fed can have a beneficial influence). Three data points stand out, two of them in a very positive way. First, the U.S. economy added an impressive 271,000 jobs in ... (full story)
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"Holy Grail" exists - accepting where is the first step.