Jobs report has the bond market on edge
Breakfast with Benjamin: The specific things to watch for in today's jobs report that could influence the Fed's decision on interest rates.
- All eyes will be on the October jobs report this morning because it represents a major component of what the Federal Reserve will use to decide if December is the month for the first interest rate hike in more than nine years. This is a real nail-biter for the bond markets. There are a handful of specific things to watch for in the Friday morning report.
- There have been consequences from a decade of low interest rates, including an addiction to low interest rates. The Fed will be shaking up the status quo
- For a lot of hedge fund managers, the big paydays don’t stop just because performance hasn’t been so good. Nice work if you can get it
- The dark side of the DOL’s fiduciary standard proposal could be fewer advisers to help investors manage their retirement accounts. Oops. Commissions are certainly not going away
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