Recent economic data suggesting the start of a slowdown might discourage the Fed from continuing its ...
Recent economic data suggesting the start of a slowdown might discourage the Fed from continuing its policy of raising interest rates with its previous vigour. Analysts at Clerical Medical were surprised the data released on 2 June was as weak as it was. James McLellan, US fund manager for the group, says: "Some were expecting a 50 basis points rise at the end of June. There has been a shift in consensus to the view that this might not be necessary. We may have to wait until August for the next rise." Unemployment rates were up to 4.1% from 3.9%. Wage pressure was 3.5%, down from 3.8% yea...
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