Expectations are rising for the Fed to raise rates in its next meeting in December The US economy created a lot more jobs in October than economists had forecasted. This suggests that the US economy is getting stronger and, combined with upbeat comments made by the Fed after its October meeting, is causing more people to believe that there will be a rate rise in December. If that does happen, it will be the first US rate rise since 2006.
Source: Fed decision: What happens when interest rates rise?