U.S. employers hired at their strongest clip this year in October and wage growth picked up, key indicators which many experts believe will reassure Federal Reserve officials as they consider the case for an interest-rate raise before year’s end. Rudy R. Miller, CEO of The Miller Group and Miller Capital Corporation in Scottsdale, AZ, weighed in shortly after the report with his thoughts on the numbers showing that non-farm payrolls rose to a seasonally adjusted 271,000 in October according to the US Labor Department. Miller, who is a regular commentator on the SMG Financial Network, discussed the issue of the long awaited rate hike, which he believes the Fed should have acted upon in September. He also critiqued China's market crash during the late summer and the current improvement of the Chinese stock exchange.
Miller discusses in this video the outlook over the short-term based on macro trends as well as an overall glimpse at the US economy as it heads to year end and into a vital election year cycle.
You may learn more about our guest, Rudy R. Miller, Chairman and CEO of The Miller Group by clicking here. http://www.themillergroup.net/