Barclays economists got mixed signals from Friday’s jobs report.

And now they think the Federal Reserve will raise rates only two times this year, replacing their previous call for three. The Fed expects to hike four times.

On Friday, the January jobs report showed that the economy added 151,000 jobs while the unemployment rate fell to 4.9%.

We also saw some wage growth with average hourly earnings climbing 2.5% month-on-month.

And so even though the headline payrolls number was lower than expectations, wage growth, the unemployment rate, and seasonal considerations made it a solid report overall.

But what sent mixed signals and “confused” read more >>>

Source : BusinessInsider.Com