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nnsl you a global market bouncing back with a vengeance boosting the likelihood of a federal reserve rate hike in the month of December I'm kinda getting in New York the US labor department announcing on Friday the US economy and a two hundred and seventy one thousand jobs in October that was way more than expected the unemployment rate coming down to five percent and there is good news for people already working average hourly earnings critics getting bigger by zero point four percent actor no change the month before religiously installing jobs number by all accounts breaking a streak of the two weakest months of gains are in more than a year and three months resisted the federal reserve believes that this economy is ready for the first rate hike in almost a decade years Janet Yellin earlier this week , the moment what we see is a domestic economy buildings is pretty strong and growing into solid piece but after a gangbusters payroll number like this one we even the long term unemployed are finding work the worry now is that the economy may be so strong that the federal reserve may have to hike interest rates aggressively instead of the gradual approach long expected if that is the case consumers can expect to see our interest rates for mortgages and car loans and other products move aggressively higher as well