Will Jobs Data Offer Fed Hike Clues Amid Election Angst?
Bond traders are becoming more certain the Federal Reserve will raise interest rates next month as economists say a U.S. jobs report Friday will show enough improvement to justify such a move. The odds of a rate increase at the Fed’s December meeting rose to 78 percent, the highest level since March, from 69 percent at the end of last week, futures contracts indicate. The report will show employers added 173,000 workers in October, versus 156,000 in September, according to a Bloomberg survey of economists. World First Chief Economist Jeremy Cook discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."