Scoreboard: Job watch

Wall Street drew a muted response from stronger-than-expected GDP figures ahead of tonight’s payroll data.

It’s getting harder for the Fed to continually talk down the US economy. Data out last night showed US third-quarter GDP revised up to a very strong 3.6 per cent growth rate, a full 1 percentage point above trend and 0.8 per cent above the previous estimate. This is the strongest growth since the first quarter of 2012.


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