The latest non-farm payroll report showed the US economy added 223,000 jobs in June, well below expectations for a 245,000 increase, and when the net 60,000 downward revision for the previous two months are factored in, the moot question that needs to be asked is whether the markets were actually overzealous about labor market conditions, said Lindsey Piegza, chief economist …
One Man’s Opinion: Will Earnings Expectations Be More Moderate This Year?
A hike in interest rates may not happen in the US this July though that probably remains the appropriate policy move, said David Joy, chief strategist at Ameriprise Financial. Ameriprise expects the US economy to grow by 3 percent in 2015, which justifies the beginning of a liftoff; but whether that happens in June or July remains to be seen. …