The Fed’s Disastrous Gift

by Jocelynn Smith
The Sovereign Investor

Did Yellen just get the green light for an interest-rate hike in December?

The Bureau of Labor Statistics reported on Friday that October saw the addition of 161,000 jobs, while the unemployment rate dipped to 4.9%. At the same time, September’s jobs were revised higher by 35,000 — to 191,000 and August’s jobs were lifted by 9,000 — to 176,000.

Now, I think most of us are willing to say that these headline numbers are largely hogwash. There’s a lot more going on below the surface that we need to consider.

However, there were a few things from the report that caught my attention:

Continue Reading at…