FXStreet (Bali) – According to Capital Economics, weak jobs suggest Fed delay to raise rates until early 2016.
Key Quotes
“Aside from manufacturing, the slowdown in employment gains is most notable in business services and education& health, which are not the sectors most prone to cyclical swings.”
“Accordingly, we wouldn’t be surprised if the economy had a stronger fourth quarter. But that isn’t going to show up in the published data for another few months, which means the Fed won’t be raising rates until early 2016.”
(Market News Provided by FXstreet)