Friday’s release of November jobs report will decide if year-end rally continues
Economists surveyed by FactSet forecast that the November jobs report, set for release Friday morning, will show that the economy added 220,000 new jobs in the month. And that the unemployment rate ticked higher to 3.8% from 3.7% in October If that forecast is correct, it would, probably, be enough to keep Wall Street convinced that the Federal Reserve will raise interest rates by only 50 basis points at its December 14 meeting and that the U.S. central bank is on track to wind down this cycle of interest rate increases in early 2023.
