Fed tipped to step up pace of interest rate rises
John KehoeEconomics editor
Updated
Robust hiring by American employers in President Donald Trump's first full month in power, along with rising wages, have economists tipping a faster-than-anticipated cycle of interest rate increases by the US Federal Reserve, beginning this week.
The US economy added a better-than-expected 235,000 non-farm payrolls last month to drag down the unemployment rate to 4.7 per cent, around the Fed's estimate of full-employment.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
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