U.S. Fed’s Lockhart Won’t Over React to Jobs Data

Federal Reserve Bank of Atlanta President Dennis Lockhart said he would personally not overreact to slow jobs growth in February but a third month of very weak data would be a concern.

Data to be released on Friday are expected to show nonfarm payrolls increased by 149,000 last month, according to a Reuters survey of economists.

“I think if we get a number below 100,000 tomorrow that would be then three months of weak numbers and certainly that would be a concern,” Lockhart said in response to a question.

Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.