Jobs Data Threatens Outlook for Interest-Rate Increases



Bloomberg reported that the dollar slid for a third week, capping the longest streak of losses in almost a year, as a report showing cracks in the U.S. labor market threatened the outlook for interest-rate increases.

Bloomberg noted that American companies added 126,000 jobs in March, almost half the 245,000 median estimate of 98 analysts surveyed by Bloomberg News.

Bloomberg said the Fed is weighing data for signs the U.S. economy can weather higher borrowing costs as global growth stalls.

To view the full Bloomberg report, click here.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com