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Feb 07 - 01:24 PM

USD: Fed Comfortably On Hold After Today's Solid Jobs Report - BofA

By eFXdata  —  Feb 07 - 11:30 AM

Bank of America Global Research discusses its reaction to today's US jobs report. 

"Today's job report should keep the Fed comfortably on hold. Hiring activity remains healthy which should help sustain the expansions," BofA notes. 

"Meanwhile, the latest reading on the labor force participation rate and the unemployment rate suggest that there may be additional slack to work off before surpassing full employment. Both conditions suggest that the Fed will continue to keep its supportive stance of monetary policy unchanged," BofA adds. 

Source:
BofA Global Research

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