BlackRock portfolio manager Jeff Rosenberg said stronger-than-expected U.S. employment growth in August puts renewed focus on next week’s Consumer Price Index report as Federal Reserve policymakers weigh whether to raise interest rates.
Rosenberg said the labor data shifts pressure back to inflation, with the September decision hinging on whether price growth is rising or failing to decline fast enough. He added that if the September 11 CPI report shows continued improvement in inflation, he expects rates to remain unchanged.
BlackRock Says CPI Takes Center Stage After Strong August Jobs Data
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