Chance of Fed Rate Hike on December now at 70% after US Jobs Data Released and Bond Yields were Rising

December is coming and liftoff Fed Rate is predicted to hike, jobs data crushed the expectations, The economy added 271.000 jobs while the unemployment rate fell to 5% and average hourly earnings — long a laggard over the last year or so — finally ticked up, the chance to Rising Fed Rate

As reported from business insider And so following this report, economist Chris Rupkey at MUFG Union Bank thinks the Federal Reserve is definitely raising interest rates in December. Rupkey is very sure

Writing in an email following the report, Rupkey said, "The reasons for Fed caution and delay are falling to the wayside as this economic expansion is the real deal. Liftoff is coming in December. Bet on it. Savers, your long national nightmare is over. Rates on money in the bank are going up."

MUFG Union Banks economists Rupkey added, "This report today shows the economy’s course is steady and true. There are no China risks here. The labor market is tight as a drum."

According to Bloomberg economists McDonough the chances of a rate hike in December are now at 70%. the emerging markets currencies will turn down

Following the report US jobs data, stocks were falling while bond yields were rising, a more significant sign that markets are preparing for a world of higher interest rates. 

It describes by The yield on 2-year Treasury notes, which has been closely watched over the last several months, rose as high as 0.91%, the highest since at least 2011 following the report. a good sign for Fed Rate Hike