SlateStone Wealth Chief Market Strategist Kenny Polcari joins Stuart Varney on Varney & Co. to analyze the surprise July jobs report and explain why the Federal Reserve is highly unlikely to raise or cut interest rates anytime soon.
Federal Reserve rate hikes are likely off the table following a weak July jobs report that showed a loss of 23,000 nonfarm payrolls. SlateStone Wealth Chief Market Strategist Kenny Polcari joins Stuart Varney on Varney & Co. to discuss the economic implications. Polcari argues that the central bank will keep interest rates steady through the end of the year.
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