FXStreet (Mumbai) – Boston Fed’s Eric Rosengren, while speaking to Bloomberg said there are some caliberation issues but the Fed can move the Fed Funds Rate (FFR).
Rosengren was out earlier today stating that expects the Federal Reserve to raise interest rates this year, despite the “weak” September jobs report. “This was definitely a weak employment report,” he told Reuters over the weekend at the Boston Fed.
Rosengren said the slowdown in hiring last month effectively heightens his sensitivity to the economy’s performance the rest of the year.
(Market News Provided by FXstreet)