Reasonable Data Will Secure a Fed Rate Hike, Says Bell
Investors are awaiting a U.S. payrolls report Friday that Fed Vice Chairman Stanley Fischer has said will be key to how policy makers assess the recovery in the world’s largest economy. Employers probably added a net 180,000 new positions in August, according to the median estimate of economists surveyed by Bloomberg, following gains of more than 250,000 in each of the previous two months. Bill Gross is recommending the Federal Reserve raise interest rates twice by as early as March. The market doesn’t expect that degree of monetary tightening even by the end of 2017. Stanhope Capital CIO Jonathan Bell discusses with Bloomberg's Mark Barton on "The Pulse."