US job growth strong in November; Rising wages

Nonfarm payrolls increased 263,000 in November Unemployment rate stable at 3.7%; Participation rate drops average hourly earnings up 0.6%; 5.1% increase year-on-year WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages despite growing recession fears, but that probably won’t stop the Federal Reserve from slowing the pace of interest … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will cut back in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and higher rate hikes are the greatest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, reinforcing … Read more