Solid US jobs data keeps Fed on track for rate hike in May

WASHINGTON  -A historically low U.S. unemployment rate and rising wages will likely keep the Federal Reserve on track to raise interest rates by another quarter of a percentage point next month, as risks of a financial crisis ease while concern about inflation remains high. U.S. job growth is slowing, something Fed policymakers have anticipated as they raised borrowing … Continue reading Solid US jobs data keeps Fed on track for rate hike in May