The ugly news of last week’s job report which reflected poor growth of new jobs may lead to a positive outcome.
The Federal Reserve may have no choice but to once again pursue actions directed towards stimulating the economy.
Wall Street expects the Fed to commence purchasing bonds in an effort to lower the costs of borrowing money by businesses and consumers.
“The Federal Reserve will ease again,” said Sung Won Sohn, an economics professor at California State University Channel Islands in Camarillo, California. “There are too many people without jobs and the unemployment rate is too high at this stage of an economic recovery.”