Jobs Slow, Inflation Sticky: Fed's Next Move in Focus

Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey tells Bloomberg This Weekend that softer September jobs data give the Federal Reserve room to hold rates steady in October, but persistent inflation could still force policymakers to raise rates again in December and early next year. In an interview with hosts David Gura and Christina Ruffini, Jersey explains that strong economic growth and loose fiscal policy are also contributing to higher global bond yields, keeping pressure on central banks. Jersey breaks down the latest employment numbers and what they signal about the health of the labor market. He also discusses the Fed's balancing act between fighting inflation and supporting growth, and how that might play out in the coming months. This segment provides a clear-eyed analysis of the economic indicators driving Fed decisions, essential for investors and anyone tracking monetary policy.