Jobs Report Doesn't Remove Risk of U.S. Rate Hike This Year
Dow Jones
1 hour ago
0942 ET - September's weaker-than-expected jobs report has decreased expectations that the Fed will hike in October, but that doesn't mean rate hikes are off the table completely for the rest of the year. This week, Fed Vice Chair Philip Jefferson and New York Fed president John Williams suggested policymakers could take their time before deciding to raise interest rates again. However, on Thursday, Fed's Lorie Logan said policy needs to tighten further. "We think the upside risks to inflation are still a bigger concern for the Federal Reserve and expect they will raise rates at the end of the month," a note from Oxford Economics says.
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