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Fed Decides Not to Raise Rates in November Due to Positive Jobs Report

The September jobs report was a pleasant surprise to many — but what does this mean for the Fed? With wage growth moderating, rising only 4.2% this past month, Sanders Morris Harris Chairman George Ball joins Yahoo Finance live to assess the report and what impact this could have on wages and the Fed’s interest rate outlook. Ball—like many—was shocked at the employment data, calling it “a jaw-dropper” as it was double the predicted number. In response to September’s apparent employment boom, Ball does not predict a cause for alarm, stating he believes the Fed will be “comfortable enough” to not raise rates in November. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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