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Rate Hike in 2016 Looks More Likely After Friday's Dismal Jobs Report

Stocks shrugged off Friday's dismal jobs report, which fueled speculation that the Federal Reserve may not raise interest rates until 2016.
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Stocks shrugged off Friday's dismal jobs report, which fueled speculation that the Federal Reserve may not raise interest rates until 2016. Central bank intervention has propped up stocks in recent years, prompting investors to welcome a delayed rate hike. Ian Winer, head of equity trading at Wedbush Securities told TheStreet's Scott Gamm that the disappointing employment data will probably push the first rate liftoff to 2016. Only 126,000 jobs were created in March, compared to expectations of 247,000, the Bureau of Labor Statistics reported last Friday in its monthly labor report.

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