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Some economists believe that it will cut interest rates again before the spring.
Economists predict that the central bank will cut interest rates again.
The dollar rose on expectations the Federal Reserve will cut interest rates.
The report led economists to predict that the Federal Reserve will cut interest rates on Wednesday.
Mr. Herrmann of Waddell & Reed says he thinks the Fed will cut interest rates.
The world immediately assumed that the Fed will cut interest rates on Tuesday.
They added: "We do not think policy makers will cut interest rates or announce another big stimulus package.
Bank of England policymakers have already hinted they will cut interest rates again before the end of the year.
Speculation waned that the Federal Reserve will cut interest rates, dimming the appeal of fixed-rate securities.
Doubt persists that the Federal Reserve's policy-making committee will cut interest rates at a meeting next week.
The disappointing report solidified sentiment among investors who bet on the Fed's actions that the central bank will cut interest rates by a quarter-point next week.
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CEO of Professional Science Editing for Scientists @ prosciediting.com