The jobs boom paves the way for a US rate rise

The US labour market is going from strength to strength and if wages continue to climb, expect the Fed to start hiking rates by mid next year -- or even earlier.

The US labour market continued to boom in November, with job creation pushing to its highest level since early 2000. The Federal Reserve remains on track to raise rates by mid next year and, at this point, the US presents an upside risk for global growth estimates.


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