'Weak' Jobs Report Undermines Benign Outlook: BlackRock's Rosenberg
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says that when faced with the tradeoff between a short-term inflation shock like the surge in oil prices and a more sustained downward movement in payrolls the Federal Reserve will err on the side of the latter. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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