September 6, 2016 | 6years | NEWS AND INTEREST
Markets breathed a sigh of relief on Friday.
The US jobless data was a little bit weaker than expected: 151,000 jobs were added in August, a bit lower than the 180,000-odds economists had predicted.
It’s not much of a miss. But it’s tepid enough to give the US Federal Reserve all the excuse it needs to keep rates on hold yet again.
And after that, there’s not much scope for them changing until after the US election in November.
So what does that mean for you, if anything?
The Fed won’t raise rates until at least the end of the year
While 151,000 jobs were created, the US unemployment rate remained at 4.9%.
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