Correspondent, Washington
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Nov 6, 2015

Surging U.S. job growth lowers bar for Fed rate hike

Nov 6 (Reuters) – Strong growth in the number of U.S. jobs
last month bolstered the case for a December interest rate hike
by the Federal Reserve, where officials had already begun to
worry the economy might eventually overheat without higher
borrowing costs.

Employers outside of the farming sector added 271,000 jobs
in October, the most in 10 months, and the jobless rate fell to
a 7-1/2-year low of 5.0 percent, the Labor Department said on
Friday.

Nov 6, 2015

Fed’s Brainard says caution warranted due to global risks

WASHINGTON, Nov 6 (Reuters) – Federal Reserve Governor Lael
Brainard on Friday warned that raising U.S. interest rates could
hit global growth enough to knock the U.S. economy off its
current growth path.

This could leave the U.S. economy particularly vulnerable
because the central bank’s benchmark interest rate is already
close to zero.

Nov 6, 2015

Analysis – Surging U.S. job growth lowers bar for December Fed rate hike

WASHINGTON (Reuters) – Solid growth in the number of U.S. jobs last month greatly boosts the case for a December interest rate hike by the Federal Reserve, where policymakers have begun to worry the economy might eventually overheat without higher borrowing costs.

Employers outside of farming added 271,000 jobs in October and the jobless rate fell to 5.0 percent, a 7-1/2-year low, according to a Labor Department report released on Friday.

Nov 6, 2015

Surging U.S. job growth lowers bar for December Fed rate hike

WASHINGTON (Reuters) – Solid growth in the number of U.S. jobs last month greatly boosts the case for a December interest rate hike by the Federal Reserve, where policymakers have begun to worry the economy might eventually overheat without higher borrowing costs.

Employers outside of farming added 271,000 jobs in October and the jobless rate fell to 5.0 percent, a 7-1/2-year low, according to a Labor Department report released on Friday.

Nov 4, 2015

Fed’s Yellen sees possible December rate rise, gradual hiking path

WASHINGTON, Nov 4 (Reuters) – Federal Reserve Chair Janet
Yellen on Wednesday pointed to a possible December interest rate
“liftoff” but said rates would rise only slowly from then on to
nurture the U.S. economic recovery.

In her first public comments since the Fed’s meeting last
week Yellen laid out what now appears the base case at the U.S.
central bank – that low unemployment, continued growth and faith
in a coming return of inflation means the country is ready for
higher interest rates.

Oct 29, 2015

U.S. Fed puts December rate hike firmly on the agenda

WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly in play.

Investors had expected the Fed to remain pat on rates, but the overt reference to December came as a surprise.

Oct 28, 2015

Fed seen holding rates steady as investor skepticism swirls

WASHINGTON (Reuters) – The Federal Reserve is expected to keep interest rates unchanged on Wednesday and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds.

The world’s most powerful central bank hasn’t hiked rates in about a decade and markets see virtually no chance it will do so at the end of this week’s two-day policy meeting. The Fed is scheduled to announce its rate decision at 2 p.m. ET (1800 GMT).

Oct 27, 2015

Why Fed may hike rates before seeing whites of inflation’s eyes

WASHINGTON (Reuters) – Further falls in America’s jobless rate will lead inflation to start rising early next year, according to a forecast based on research Federal Reserve Chair Janet Yellen has cited as shaping her confidence a rate hike could be needed this year.

Yellen has recently faced a rebellion at the central bank, with two Fed governors arguing that rate hikes should be delayed because of a breakdown in the tendency of low unemployment to fuel faster inflation, a relationship called the Phillips curve.

Oct 27, 2015

Analysis – Why Fed may hike rates before seeing whites of inflation’s eyes

WASHINGTON (Reuters) – Further falls in America’s jobless rate will lead inflation to start rising early next year, according to a forecast based on research Federal Reserve Chair Janet Yellen has cited as shaping her confidence a rate hike could be needed this year.

Yellen has recently faced a rebellion at the central bank, with two Fed governors arguing that rate hikes should be delayed because of a breakdown in the tendency of low unemployment to fuel faster inflation, a relationship called the Phillips curve.

Oct 22, 2015

U.S. Treasury postpones debt auction due to borrowing limit

WASHINGTON (Reuters) – A grinding political battle in Congress over America’s national debt led the U.S. Treasury on Thursday to postpone a regular auction of government debt, a reminder that the country once again is just weeks away from a potential default.

The Obama administration warned last week the federal government would have to stop borrowing money no later than Nov. 3 if the country’s politicians do not raise the legal limit on the federal debt.