Fed Stimulus Odds Climb to 80% After Jobs: Morgan Stanley
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The Federal Reserve is more likely provide added stimulus when its current effort winds down after a report showed the economy added fewer jobs in May than forecast, according to Morgan Stanley.
The probability of more central bank policy action is 80 percent, up from 50 percent, after the Labor Department reported that U.S. employers added 69,000 jobs in May after an increase of 77,000 the previous month. The median forecast of 85 economists in a Bloomberg News survey before today’s jobs report, was for an increase of 150,000 jobs.