Pimco's Kiesel: Fed Can Raise Rates Later This Year

Mark Kiesel discusses the recent payroll data, highlighting a gradual improvement in the labor market with 2.5 million private sector jobs added over the past year. Despite a softer month, the trend remains positive with employment growth at 1.6% and wages up by 2.5%. This is beneficial for consumer spending, which is expected to rise. The Federal Reserve is anticipated to raise rates later in the year, although June is unlikely due to the Brexit vote. Market expectations are not aligned with the possibility of rate hikes, but one or two hikes are expected by year-end.

What was the number of private sector jobs added in the last year according to Mark Kiesel?

What does Mark Kiesel suggest about the trend in employment growth?

What factors might cause the Fed to delay raising rates?

What is the probability that the Fed will raise rates in June according to the discussion?

What is the market's current pricing expectation for rate hikes this year?