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US Fed likely to focus on outlook for next year

Booming jobs report should give it all the reasons not to cut interest rates further, but an ongoing trade war and presidential election complicate things

The Labor Department on Friday reported job growth increased by the most in 10 months in November. Recent data on housing and luxury goods orders have offered a fairly upbeat assessment of the economy.


FRIDAY'S booming US jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when US central bankers meet this week, most of the focus will be on their outlook for next year and beyond.