US payrolls in October rose to their highest rate since 2009 with the world’s largest economy putting on 250,000 jobs which came in way over analysts’ expectations of 190,000. Hourly earnings also rose to 3.1% which again is a figure not seen since the financial crash. These numbers have not only provided a boost the Republicans in next week’s election polls but essentially nailed on another US interest rate hike by the FED in December as well as markets pricing in the prospect of another four rate hikes in 2019. Question is, how long can the US keep this rate of growth up ?
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