FED's attitude towards raising interest rates next month is becoming increasingly obvious. Although the employment report in November is too bad, FED still has the possibility of suspending interest rate hikes, but according to economists' predictions, the probability of this situation is still not high.
According to MarketWatch, economists expect 205,000 new jobs to increase in November, which is less than 271,000 in October, but such results should be enough to reassure FED decision-makers to raise interest rates.
In addition, the unemployment rate is expected to remain flat at 5%, and may even fall to 4.9%, which is in line with the unemployment rate level defined by FED officials. The U.S. table is scheduled to release its November employment report on December 4.
As FED considers tightening monetary policy, the European Central Bank (ECB) intends to expand the release of money in the opposite direction, resulting in an expansion of interest rate spreads on US and German government bonds. According to Bloomberg, the 2-year Treasury bond yield in the United States and Germany expanded to 135 basis points on the 27th, setting a new high since August 2006.
Before the employment report is released, FED Chairman Yellen will release a conversation on December 2, while the ECB will hold an interest rate decision meeting on December 3. If the ECB increases easing measures as expected, it may further widen the interest rate gap between the United States and Germany.
(This article is reproduced by authorized by MoneyDJ News)
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