NFP clears path for Fed rate rise
March 10, 2017 5:54 pmVideo
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10 March 2017: Mike Ingram from BGC Partners discusses February’s non-farm payrolls which came in at 235,000 and what it means for the March Federal Reserve decision.
Official figures showed the unemployment rate falling to 4.7% from 4.8% the previous month.
Federal Reserve Governor, Janet Yellen had previously signalled it was on track to raise rates next week, barring a disastrous jobs report.
The dollar strengthened after the job numbers were released though it remained steady against sterling at 1.2170.
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