Analysts are in two minds about the disappointing jobs number from the US on Friday and its effect on the Federal Reserve’s bond purchases.

The US added 194,000 jobs, well below a generally expected 500,000 prompting some to believe that the Fed may now only start reducing its bond-buying programme in December, while others believe November is still the likely beginning of a taper. For its part, the Fed has said a number of times that it will begin paring its asset purchases only once the labour market returns to pre-pandemic levels...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now