Fed still cleared for December take-off – Wells Fargo

Research Team at Wells fargo, notes that the rebounds in both ISM manufacturing and nonmanufacturing indices should allay concerns that the US growth was beginning to slow heading into the second half of 2016.

Key Quotes

“The employment report came in below estimates with 156,000 new jobs added to the economy in September. With two more jobs reports to be released before the December FOMC meeting, September’s print gave the Fed further evidence that economic momentum will warrant a rate hike by year end.”