Monday, 2 November 2015

US jobs data to hold key to Fed's rate plans

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US jobs data to hold key to Feds rate plansUS jobs data due in the coming week may hold the key to whether the Federal Reserve will raise interest rates for the first time since 2006 in December, signaling its intention to end an era of almost-free dollars. An increase in Fed rates would have consequences well beyond US borders, increasing borrowing costs for dollar debtors in emerging and driving a global reallocation of investment money. The Fed, which has a dual mandate including inflation and employment, put a December rate hike firmly in play in the past week and investors will be scrutinizing Friday's US employment data to work out the odds of such a move.

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