Market participants are eagerly waiting the release of Friday’s employment number. This will be the last piece of the puzzle before the Federal Reserve meets in mid December and the Fed could announce paring it’s $85 billion-a-month bond buying program. Some think a strong November payroll report will provide justification to begin the tapering process by the end of the month. Others think the Fed will slowly begin to taper during the 1st quarter of 2014. In any event, look for interest rates to creep up in the following months if the employment data and economy show more improvement.
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