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U.S. Day Ahead: Solid jobs growth means no Fed QE for now

Thursday, April 05, 2012 - 01:43

April 5 - A fourth month of job gains over 200,000 would take the pressure off the Federal Reserve to commit to more stimulus according to Reuters Economics Editor Stella Dawson.

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Eraser you Wednesday ahead the economy's likely did not show -- fourth month of solid job growth when nonfarm payrolls come out at 8:30 AM. According to Reuters poll we should see a gain of 203000. Based manufacturing and construction. Still that won't put a dent in the unemployment rate hovering just above 8%. But Reuters economics editor Stella Dawson says it will take some pressure off the Fed. Jobs growth over 200000. Would get the pandora's a little bit more breathing room before it has to decide. Whether the economy needs more money tree he's. As a meeting coming up and a couple of weeks but it's in June analysts -- expecting that it will look very closely whether additional steps necessary. And not convinced yet that jobs growth we've seen recently will continue through the rest of the year. And according to light up our Wall Street is not expecting a big surprise that jobs report with a narrow range of forecasts from primary dealers. Not only this is Credit Suisse 235000. In line with I have -- testament. B and he -- -- at the bottom with a close to consensus. 200000. And we'll take the -- recovery further with sentiment that credit data on tap the weekly index is out at 1030 consumer credit is released at 3 PM I have -- says credit should grow at a slower pace of ten billion dollars. -- February to claim a slowdown in revolving debt like credit cards. I don't forget it is a market holiday on Good Friday stock markets closed all day. But you could do is really futures trading between 83915. The bond market wrap up trading at name. I'm Rhonda schaffler this is writers.

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U.S. Day Ahead: Solid jobs growth means no Fed QE for now

Thursday, April 05, 2012 - 01:43