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.


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