TODAY'S MARKET INTELLIGENCE
US October Non-Farm Payrolls Beat Expectations; ING Forecasts 20bp Fed Rate Hike in December
English summary
US October non-farm payrolls rose by 165k, beating expectations, with unemployment falling to 4.1% and wage growth accelerating. ING believes this supports a 20 basis point rate hike by the Fed in December, followed by a pause.
The English text is machine translated and may require verification against the Chinese version.
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