By Myles Udland, Oct 01, 2015 Business Insider
Job growth was less than expected, the unemployment rate was unchanged, wages disappointed, revisions to August's report were bad, and the participation rate fell to a new 38-year-low.
And following this news, Chris Rupkey, chief financial economist at MUFG and one of the most bullish strategists on Wall Street, has thrown in the towel on the Fed raising rates in 2015 — and maybe ever — while also tossing out the idea that the US economy can be the engine that powers a faltering world economy.
In an email blast following Friday's report, Rupkey wrote that "rates will never go up again."
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
