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The Jobs Report Probably Won't Change the Fed's Mind on Liftoff

But it does matter for the pace of rate hikes going forward
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Bill Gross: Fed Is Certainly Set to Go


For once, the upcoming jobs report may not be the most critical of all time.

Federal Reserve officials have signaled that an interest-rate increase is in play for their December meeting, with both markets and economists now anticipating that normalization will begin less than two weeks from now. That means the payrolls data will probably offer more information about the pace of tightening in the months ahead than on the timing of the first hike.