December Rate Hike Now Likely After Jobs Report
Barring a data disaster between now and the Fed’s next meeting, October’s strong data should lead the Fed to modestly raise short-term rates, says Morningstar’s Roland Czerniawski.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The U.S. economy added a much-better-than-expected 271,000 jobs last month. I'm here with Roland Czerniawski--he's a markets-research analyst at Morningstar--for his take on this report.
Roland, thanks for joining me.