Jobs report isn't expected to budge U.S. Fed on bond buying

06/9/2013 | Bloomberg

Even though the latest monthly jobs report was broadly seen as positive, economists expect the U.S. Federal Reserve to maintain its bond-buying program at least through the summer. The May report doesn't point to "anything about tapering at all, with unemployment going higher and metrics in terms of the workweek and wages being very dour," said Bill Gross, founder of Pacific Investment Management.

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