When the November employment report is released on Friday, it could have a huge impact on stocks and bonds alike. That’s because it will not only give investors a clue about the strength of the economy. It also is expected to give another indication of when the Federal Reserve should begin to taper its quantitative easing program.
“It’s the paramount number that the Fed is looking at it,” said Jeff Kilburg of KKM Financial. “Therefore, it’s what we’re looking at.”
With the Fed looking for the chance to reduce the pace of its $85 billion monthly bond-buying program, the November number could show the type of economic strength that will persuade it to finally take that long-awaited step.
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