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*Walter Bloomberg
@DeItaone
Joined August 2014
39 Following    1.8M Followers
EY: FED LIKELY TO STAY ON HOLD THROUGH YEAR-END EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, even after Friday's jobs report. Wall Street expects July payrolls to rise 83K, but EY says the labor market remains stable and is unlikely to shift the Fed's focus. The firm says only broader, more persistent inflation or a meaningful reacceleration in hiring would justify further rate hikes.
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