A strong jobs report is just another piece of evidence of continued solid growth in 2019.

The FOMC meets this week as economic data remains strong, inflation remains low and the uncertainty of trade wars loom. These cross currents cause a wide range of forecasts for both the economy and possible timing of Fed actions. No one expects the Fed to move managed rates this week and everyone expects another 25 basis point rate hike at the December meeting. The Fed has said they are data dependent and the data supports the continued path of reducing monetary stimulus . The monthly jobs report was very strong.

 

ProBank Austin Advisor - November 5, 2018