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A Middling Jobs Report Won't Change Arithmetic for Fed

A modest deceleration in job growth is unlikely to push the Fed off its course to raise rates this year, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm here today with Bob Johnson--he's our director of economic analysis--to get a preview of Friday's closely watched jobs report.

Bob, thanks for joining me.