
US Jobs Data Faces Market Uncertainty
By Katherine Langford
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Isabelle Mateos y Lago, group chief economist at BNP Paribas, discusses the outlook for today's US jobs report and the potential consequences for Federal Reserve policy. "More important than the exact print is what's happening to the unemployment rate," Mateos y Lago tells Bloomberg Television. "We're expecting a further decline to 4.1%, and I think that's the the important metric for the Fed to look at in terms of the risk of second round effects." (Source: Bloomberg)