US jobs report means Fed rate hike is a bolt-on certainty
by Larry Elliott from on (#2FE3H)
It's good news for Donald Trump as employment rose by more than expected - but the Federal Reserve will be worried about the economy overheating
The latest US jobs report removes any lingering doubts about whether the Federal Reserve will raise interest rates next week.
Following news that the world's biggest economy generated 235,000 net new non-farm jobs in February, it is a bolt-on certainty that the central bank will push up the cost of borrowing by a quarter of a point.
Related: The Guardian view on US rate rises: a sterling challenge | Editorial
Continue reading...