US jobs grew more than thought. This is good news. But the job rate also went up. The Federal Reserve thought it would be lower. This means jobs might be slowing.
Retail spending did not grow in October. People spent less money. But a part of spending was good. This makes the economy story tricky.
The Federal Reserve met. They kept interest rates the same. Some people on the Fed did not agree.
People think interest rates will go down. They think this will happen next year. The Fed thinks rates will go down less. This difference is important.
It can change the world economy. It can also change the US dollar. The dollar went down after the news.