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Jobs Report May Signal Interest Rate Hike

After a week of solid gains in the financial markets last week, we saw a downturn on Monday.

AgriVisor’s Dale Durcholz says there are a couple of things at play, including concern over the stability of the Chinese economy.

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But the biggest factor impacting the stock markets was last Friday’s positive job report. The report showed 271,000 new jobs created, and wages were up 2.5% over a year ago.

That’s a signal that the economy may be starting to grow a little faster, which could lead to an interest rate hike by the Federal Reserve when they meet next month.

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Durcholz expects a quarter percent rate hike next month as the fed will move slowly on interest rate hikes to see how the economy responds.

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