Experts Give Their Take On Jobs, Fed And Financial Markets

By STEVE ROTHWELL and MATTHEW CRAFT, AP Business Writers, Seattle Post-Intelligencer: Business
Thu, 07/02/2015 - 2:21pm

Experts give their take on jobs, Fed and financial markets The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to a seven-year low of 5.3 percent. Investors and analysts have been speculating for months that the Fed will increase its benchmark interest rate later this year as jobs and the economy keep improving. The Fed has kept that rate at an historic low since 2008 to help the economy heal from the financial crisis and a deep recession. The stock market, even after the recent turbulence, remains close to all-time highs. Rupkey argues that the smaller labor force is a reflection of the aging workforce and retiring baby boomers. The bond market is more vulnerable if the Fed starts to raise interest rates, Russell says.

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Topics:  june   investors   the fed   rupkey   russell   fed   u.s    the   experts give   rate   interest   economy   
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