Fed gets ambiguous data, no reasons for a change

Federal Reserve officials are likely to keep US interest rates unchanged at their next meeting, according to this article from Bloomberg published Tuesday 7 November.

"Inflation figures have eased a bit, as some Fed speakers acknowledged last week. On the other hand, unit labor costs have taken off in the non-farm portion of the economy as productivity growth has largely disappeared," the article says.

"It's not clear how to fit the October labor market data into anybody's forecast at this point,"

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