View full page at metalsmine.com

 

U.S. employment report seen calming fears over economy

From reuters.com

U.S. companies likely maintained a solid pace of hiring in November while increasing wages for workers, suggesting the economy remains strong enough for the Federal Reserve to continue raising interest rates in 2019. The Labor Department will publish its closely watched monthly employment report on Friday against a backdrop of a steep sell-off on Wall Street and a partial inversion of the U.S. yield curve, which have stoked fears of a recession. Stocks have been mostly hurt by uncertainty whether a 90-day truce agreed by President Donald Trump and President Xi Jinping over the weekend will hold and lead to a lasting ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis