Weak jobs data increase the likelihood of Fed action, but don't ensure it, according to...

|By:, SA News Editor

Weak jobs data increase the likelihood of Fed action, but don't ensure it, according to Fed-whisperer Jon Hilsenrath (via). Some officials are interested in mortgage bond purchases, but the FOMC hawks want to reserve action for more serious threats, he reports. Stocks come off the lows, the S&P 500 -1.1%.