Watch the interview of Kevin Cummins US Economist, UBS Macro Research with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on US economy and US jobs data.
US Fed is likely to begin tapering of asset purchases sooner rather than later. The announcement of rolling back stimulus is likely on FOMC meeting scheduled for September 18.
Kevin Cummins of UBS Securities believes that the US job reports were in line with the consensus. He added that the economy would grow at 2-3 percent in the second half of this year.