Bloomberg Chief Economist: Next Week's Nonfarm Payrolls May Be Weak, Fed Rate Hike Odds Could Decline

Bloomberg Chief Economist Anna Wong stated that next week's nonfarm payrolls report may show weakness, with even a certain probability of negative growth, which could have a critical impact on the Fed's policy path.

She noted that if negative nonfarm payroll data occurs for two consecutive months, there is no precedent in modern Fed history for raising rates under such circumstances.