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Bloomberg's Anna Wong Sees Weak Jobs Report, Lower Odds of Fed Hike
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News EditorAnna Wong, chief economist at Bloomberg, wrote on August 29 that next week's nonfarm payrolls report could be weak, with even a chance of negative growth. She said that would have a critical impact on the Federal Reserve's policy path. If two consecutive negative readings appear, she noted, there is no precedent in the modern Fed's history for raising rates under such circumstances. As a result, the probability of a Fed rate hike may decline.
According to BlockBeats, Anna Wong, chief economist at Bloomberg, said in a post on August 29 that next week's nonfarm payrolls report may be weak, with even a chance of negative growth. That would have a critical impact on the Federal Reserve's policy path.
Wong noted that if two consecutive negative nonfarm payrolls readings occur, there is no precedent in the modern Fed's history for raising rates under such circumstances. The odds of a Fed rate hike could fall accordingly.
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