US Payrolls Closely Awaited as Fed Members Affirm Rate Hike December on the Table

Wall Street opened higher but then reversed after initial jobless claims recorded that largest increase in 8 months. Selloff in equities was then tamed as other job data continued to point to a solid employment. The focus today is the official employment report for October. This would also have great impact on speculations of Fed’s tightening schedule.

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US Payrolls Closely Awaited as Fed Members Affirm Rate Hike December on the Table