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Reply #3: Treasuries Up as Fed Waits for Jobs Data [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-07-04 06:47 AM
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3. Treasuries Up as Fed Waits for Jobs Data
NEW YORK (Reuters) - U.S Treasury prices rallied on Tuesday, putting a dent in two days of losses after Fed officials said several months of positive jobs data was needed before the central bank could consider raising interest rates.


St. Louis Federal Reserve (news - web sites) President William Poole said it would take "some string of months" of employment numbers before the Federal Reserve can judge if the economic recovery was on a solid path.

The Fed has said it needs evidence of resuscitated employment levels before it can raise official interest rates from four-decade lows.

story
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