US Fed Reserve may raise rates after stronger-than-expected jobs report

Wall Street has interpreted a stronger-than-expected jobs report out of the United States as another sign the US Federal Reserve may raise interest rates at its next meeting, according to CommSec’s Gillian Bowen. “There was a stronger-than-expected jobs report out of the US on Friday,” Ms Bowen told News24. “While it’s good for people who want to have a job, Wall Street was interpreting the stronger-than-expected data as another sign the US Fed Reserve is looking to raise interest rates when it has its meeting later in the month.” Presented by CommSec.