Jobs Slow but Inflation Keeps Fed on Alert

AI Summary

Softer September job data may give the Federal Reserve room to hold interest rates steady in October, according to Bloomberg Intelligence strategist Ira Jersey. Persistent inflation, strong economic growth, and loose fiscal policy could still prompt rate increases later and are contributing to higher global bond yields.

Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey tells Bloomberg This Weekend that softer September jobs data give the Federal Reserve room to hold rates steady in October, but persistent inflation could still lead policymakers to raise rates again in December and early next year. Speaking with hosts David Gura and Christina Ruffini, Jersey says strong economic growth and loose fiscal policy are also contributing to higher global bond yields, keeping pressure on central banks to restrain inflation. (Source: Bloomberg)