WASHINGTON (Reuters) - U.S. job growth accelerated in November while the unemployment rate fell to 3.7%, signs of underlying labor market strength that suggested financial market expectations of an interest rate cut early next year were probably premature.
I thought the FEDS were looking to "raise interest rates" next year...several raises. Regardless, the job gains are in areas that tend not to have high turnover and employees have great medical/dental benefits. Simply, good jobs and most have student loan repayment. wrbtrader
they might as the last sentence points out, they were hoping to start cutting as inflation's easing but may reverse course if they want to kill wage inflation.
With the current prices of goods being where they are and min wage 7.25 an hour that means nothing.Bidens economic approval ratings confirm.
Dec 7 (Reuters) - The Biden Administration on Thursday announced it is setting new policy that will allow it to seize patents for medicines developed with government funding if it believes their prices are too high. The policy creates a roadmap for the government's so-called march-in rights, which have never been used before. They would allow the government to grant additional licenses to third parties for products developed using federal funds if the original patent holder does not make them available to the public on reasonable terms.
Lets see what that SC that Biden's loves so much has to say about that because you know drug companies will be taking this court.