020 7898 0500Economic growth slowed in the US in December, with just 158,000 jobs added, lower than the expected 183,000. However, both the October and November figures were revised upwards and wage growth was stronger than expected.
The Federal Reserve is talking about full employment, so if wages continue to rise and the economy remains strong, we’re likely to see another interest rate hike in the near future. In total, the US economy created an additional 2.16 million jobs in 2016, a year-on-year increase of 2.9%.
During the first week of 2017 the dollar has continued to be strong. Even though the euro strengthened against the US dollar last week, many expect euro-dollar parity fairly soon. Supporting the dollar rise is the expected impact of potential Trump policies on growth, inflation and interest rates.
