Despite jobs bombshell, Fed could still hike rates in July

June 3, 2016 6:03 PM

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Despite jobs bombshell, Fed could still hike rates in July

“June just doesn’t seem at all possible in the context of this report,” says one chief economist, who then added, “It just feels very flukey. I don’t know if I would read anything into it at all.”

May's job creation was the smallest in more than 5½ years, and the three-month average, with revisions, is now 116,000, about half the rate of late last year. The report found a reduction of 34,000 information workers, which would reflect telecommunications workers. Goods producing jobs declined by ...

Also read: U.S. Stocks Mixed After Jobs Report; Global Shares Down

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