Only a crisis can stop the Federal Reserve

Investors eye EM reaction as US labour market no longer gives Fed reason to stay its hand
In this June 10, 2015, photo, job seekers get information at a job fair in Sunrise, Fla. The Labor Department releases weekly jobless claims on Thursday, Aug. 20, 2015. (AP Photo/Alan Diaz)

After the initial astonishment, a few clear lessons arise from the October US non-farm jobs report, which revealed that almost 100,000 more people had found work last month than economists had predicted.