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May Jobs Data an Anomaly, July Rate Hike Possible

June 16th, 2016

Episode 565 of 1510 episodes

The Fed stood pat on rates Wednesday because of May's bad jobs report, but Greg McBride of Bankrate.com said the report was an anomaly, that job growth remained solid. That puts a July rate hike on the table, but McBride says next month is the only clear chance for a rate hike before the election.

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