Dec 11, 2017 8:50 AM | Daily Market News
Equity markets responded positively to last Friday's stronger than expected US economic data. Shortly before the Federal Reserve's last monetary policy decision on Wednesday, the latest US labor market report affirmed the favorable outlook for the US economy. In November, 228,000 new jobs were created in the economy as a whole (consensus forecast +195,000), continuing the strong growth in employment (prior month +244,000). The separately calculated unemployment rate remained at a low level of 4.1% in November, which is de facto full employment. In view of the solid labor market situation and the economic upswing, the Fed will continue to raise interest rates.