Rate Hike

Hiring

The U.S. economy experienced a robust increase in job creation in August, countering a seasonal deceleration in hiring, with the unemployment rate remaining unchanged. Nonfarm payrolls increased by a seasonally adjusted 162,000 for the month, while the unemployment rate remained unchanged at 4.1%, as reported by the Bureau of Labour Statistics on Friday. Economists surveyed Read More

S&P Futures

For the first time in the current cycle, markets are anticipating that the Federal Reserve’s next action will involve an increase in interest rates. In the wake of unexpectedly elevated inflation figures, participants in the fed funds futures market are anticipating a rate hike as early as December, with significantly greater confidence extending into the Read More

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