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Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise
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The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point at its meeting in two weeks and underscores the risk that officials will raise rates above 5% in the first half of next year.
Fed officials have warned in recent days that they are likely to lift rates to and hold them at levels high enough to slow economic activity and hiring to bring inflation down from 40-year highs.
Read more on wsj.comAbout this in other media
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise wsj.com /1 year ago
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise wsj.com /1 year ago
Jerome Powell Signals Fed Prepared to Slow Rate-Rise Pace in December wsj.com /1 year ago
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