Will Jobs Data Force Fed to Move on Rates?
Pacific Investment Management Co. says the Federal Reserve will keep interest rates on hold no matter what Friday’s employment report shows. Treasuries headed for a seventh weekly gain as the U.K.’s vote to leave the European Union threatens to slow economic growth and drives investors to the relative safety of bonds. Gains in U.S. jobs and wages won’t be enough to get the Fed to move anytime soon as policy makers assess what’s happening in the global economy, Pimco’s Mark Kiesel said. UBS Investment Strategist Geoffrey Yu discusses with Bloomberg's Manus Cranny on "Countdown."
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Full Show: Bloomberg Technology (09/19)
49:52 - Guests include: National Venture Capital Association CEO Bobby Franklin and Lerer Hippeau Ventures Managing Partner Eric Hippeau. (Source: Bloomberg)