U.S. Job Market Sizzles, But The Fed Is On Hold So Dow Jones Rises

The U.S. economy blew up forecasts, adding in November 266,000 jobs, helped by the General Motors (GM) strike resolution. Payrolls in the private sector grew by 254,000 workers, including about 46,000 GM employees returning. The report on employment in November that trigger some retrospective head-scratching about why the Federal Reserve has just cut interest rates in its past three meetings. But now that the Fed is committed to increasing inf....