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Bloomberg Surveillance

Gross: June likely time for one of two FED rate hikes

Bloomberg Surveillance

Bloomberg

Investing, Business News, News, Business

3.81.2K Ratings

🗓️ 1 April 2016

⏱️ 23 minutes

🧾️ Download transcript

Summary

Gross: June likely time for one of two FED rate hikes

Transcript

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0:36.0

This is Bloomberg surveillance.

0:38.0

Good morning everyone, Economic Indicators, it's jobs day brought you by Commonwealth Financial Network when it's time to change the conversation talk with a broker-dealer RIA that's ready to listen call 866462

0:51.6

3638 or visit Commonwealth to learn more. A constructive report. Here's our Vinny Del

0:58.0

Judice. Good morning, Tom. Non-farm payrolls up by 215,000 in March.

1:04.5

And yes, that tops Wall Street forecast.

1:06.6

The prior month provides a bit higher.

1:08.3

The unemployment rate creeping up to 5% from 4.9% average hourly earnings topping forecasts up 0.3% up 0.3%.

1:18.1

So generally speaking, a strong report.

1:19.8

Non-farm payrolls again March up 215,000 unemployment 5% versus 4.9% average hourly earnings up 0.3%.

1:30.0

These are all March numbers and that 0.3% reverses of decline in earnings in February.

1:35.3

At the Bloomberg First Word Desk, I'm Vite Darrell Judas.

1:37.6

Let's go back to New York.

1:38.6

And Barry, very quickly, a move in the yields.

1:40.6

Three basis point move, two year yield higher higher the ten year yield 1.80 percent

...

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