Last month’s strong jobs growth should reinforce the Fed’s confidence in a labor market that officials view as at or near full employment. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth.<\/p>\n
The U.S. central bank raised interest rates for the first rise in nearly a decade last December, but since then has held rates steady amid concerns over persistently low U.S. inflation and a global economic growth slowdown.<\/p>\n
Given lingering global uncertainties and the upcoming U.S. presidential election, most economists expect another interest rate increase only in December, but financial markets are less sure.<\/p>\n
After Friday’s data, Fed futures contracts were pricing in about a 46 percent chance of a rate hike by the end of this year, up from about 34 percent.<\/p>\n
However, more top Wall Street banks now expect the Federal Reserve to raise U.S. interest rates in 2016<\/strong><\/em> after Friday’s jobs report, a Reuters poll conducted on Friday showed.<\/p>\n Of 21 primary U.S. Treasury dealers who do business directly with the Fed, 13 said the U.S. central bank would raise its target interest rate by a quarter percentage point by the end of the year, compared with 8 of 15 primary dealers in a July 8 poll.http:\/\/www.reuters.com\/article\/us-usa-economy-idUSKCN10F1ET<\/p>\n","protected":false},"excerpt":{"rendered":" Last month’s strong jobs growth should reinforce the Fed’s confidence in a labor market that officials view as at or near full employment. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth. The U.S. central bank raised interest rates for the […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-252","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/posts\/252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=252"}],"version-history":[{"count":1,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/posts\/252\/revisions"}],"predecessor-version":[{"id":253,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=\/wp\/v2\/posts\/252\/revisions\/253"}],"wp:attachment":[{"href":"https:\/\/www.bleufair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bleufair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}