BlackRock portfolio manager Rosenberg said there was a lot of noise in today's non-farm payroll report data, including factors such as data revisions and the impact of the strike, but today's data will not affect the Fed's near-term trend. (Golden Ten)
BlackRock senior portfolio manager Jeffrey Rosenberg said the danger is that if the Fed eases by 50 basis points this month, it could signal concerns about the economy rather than give reassurance that policymakers are acting in time to avert a recession.