This week, investors are focusing on the Federal Reserve’s two-day meeting, with an updated policy statement set to be released on Wednesday. The Fed is expected to deliver its third and final interest-rate hike for 2017. The European Central Bank and the Bank of England are lso scheduled to make policy announcements later in the week.
The Labor Department reports job openings in Octobr fell to 6 million in October from September’s record 6.18 million. About 5.55 million people were hired and 4.85 million lost their jobs. The drop in openings was concentrated in the wholesale business, financial companies, and information-related work such as media and public relations. Openings for service and construction workers rose, but not enough to counter the drop.The quits rate was unchanged at 2.4% among private-sector employees and 2.2% if government workers are included.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
