Strong Payrolls Not Enough to Spur Faster Tapering

        9:03 EDT - U.S. payrolls report shows the economy is doing much better than earlier this year, when severe winter weather may have hit activity and employment, says Capital Economics. "But we don't think this faster growth in payrolls and big drop in the unemployment rate will be enough to persuade the Fed to accelerate the pace at which it is tapering its monthly asset purchases." The Fed cut its monthly purchases by another $10B this week to $45B as central bank officials said the economy appears to be strengthening. (jeffrey.sparshott@wsj.com)
        (END) Dow Jones Newswires

        May 02, 2014 09:03 ET (13:03 GMT)