09.11.2015 - For ETF Investors, It's All About Yellen
Given the strength of the October jobs report, U.S. employers added 271,000 new jobs last month, it was disappointing to see stocks end the week in lethargic fashion. On the bright side, the S&P 500 and the Dow Jones Industrial Average each gained more than one percent on the week and are on their best weekly winning streaks since October 2014. That strong jobs report could be all the impetus the Federal Reserve needs to raise interest rates at its December meeting and traders are acting as though a rate hike next month is a foregone conclusion. On Thursday, Fed funds futures reflected a less than 60 percent chance of a rate hike next month, but on the back of the October jobs report, that number jumped to 70 percent...............................................Full Article: Source
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