The Fed voted not to raise policy rates at this week’s meeting, but did signal that they may raise rates at December’s meeting if economic improvement continues.

Jobless claims were up slightly, but layoffs were at a 5-month low. A strong non-farm payroll report could fuel speculation that the Fed will raise rates in December.

Consumer spending is up and factory orders rose for the 3rd straight month. As the economy heats up, inflation could become an issue and bring higher rates.