The New Job Figures and Janet Yellen’s Big Decision

You can’t argue with monthly growth of 271,000 jobs and an unemployment rate of five per cent. Wall Street’s response to the release, on Friday, of the U.S. employment report for October showed as much. The yield on Treasury bonds rose sharply as traders priced in a December rate hike by the Federal Reserve, which would be the first in almost a decade. Indeed, some analysts were speculating about a second quarter-point rise come March or April.

See the rest of the story at newyorker.com

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Daily Cartoon: Friday, November 6th