The Traderszone Network

Published in TZ Latest News 4 October, 2015 by The TZ Newswire Staff

Despite ‘weak’ jobs report, Fed’s Rosengren still sees 2015 rate hike

Eric Rosengren still expects the Federal Reserve to raise interest rates this year despite what the head of the Boston Fed called a “weak” September jobs report, which could signal a more significant economic slowdown that delays the policy tightening. In a Reuters interview, Rosengren said the slowdown in hiring last month effectively heightens his sensitivity to the economy’s performance the rest of the year. If it grows at less than a 2-percent pace, or if unemployment rises from 5.1 percent now, he would probably prefer to wait until next year for the much-anticipated rate hike.