Friday, May 6, 2016

Does jobs report mean Fed won't raise interest rates in June?

The latest jobs report revealed a slow down in the labor market, causing some economists to question the likelihood of a June interest rate rise. As a refresher, the Fed chose not to raise rates in its most recent April meeting, but as many as three rate hikes are forecasted to happen this year. There are only five meetings left in 2016. You can do the math.

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