Interest-rates-hike expectations rose this week after Janet Yellen said rate increases are a “live possibility” but stressed that no decision has been made. Treasury yields, especially on Two Year Treasury Notes, went up as a result of Yellen’s statement while prices fail.
Crude oil (CL1) prices climbed to over $48.30 but come back down to $46.53 per barrel. According to Energy Information Administration (EIA), US commercial crude oil inventories increased 2.8 million barrels from the previous week.
Jobless claims shot up the week of October 31 but overall remain at very low levels. Data released on Thursday shows that unemployment insurance claims rose 16,000 during the week of October 31 but overall stand at 276,000. Employment data released on Friday showed that Nonfarm payrolls rose by 271,000 against expectations of 190,000; signaling a strong economy.
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