The US economy is destroying forecasts with 250,000 additional jobs – Business Live

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The data from October shows that the job market is still escalating. Substantial wage growth since last month, coupled with strong consumer confidence, underpins our belief that the US will see solid economic growth next year.

However, despite a growing economy, a return to volatility is emerging. Companies, especially tech giants, are reporting mixed earnings, and the market still expects ongoing trade wars to continue to hit stock prices. The likelihood of an interest rate hike in December has declined somewhat, but there is still concern that too many rate hikes may affect domestic growth too soon as borrowing costs rise.

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