Economists Expect Fed Action; Will It Come This Week? - Yahoo! Finance
Fed asset purchases, or quantitative easing. The only question now is
do policy makers act in September or wait until the fiscal drag pulls
down the U.S. growth rate?
The U.S. economy managed to create only 96,000 jobs in August, below
economists' forecasts for 125,000 and the addition of 141,000 jobs in
July. The unemployment rate did fall to 8.1 percent, but largely as dispirited job seekers gave up their search. (Read More: New Jobs at 96,000, Missing Expectations; Rate Hits 8.1%.)
"I'm completely shocked by today's report," Todd Schoenberger,
managing principal at The BlackBay Group, said on Friday. "Recent
economic data would support a jump in construction, manufacturing and
education, but the net-net is absolutely miserable."
I find Fed action to be unlikely in the face of $97 oil....We shall see.
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