Art Cashin says the Federal Reserve could slow the pace of its reductions in asset purchases, especially if Friday's weak jobs number turns out not to be a fluke.
Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani around midday that "the pundits are saying, 'Don't pay any attention to that non-farm payrolls. It's weather-related. It's an anomaly. A fluke.' And yet, if you look over at the bond market, they don't think it's weather-related. Apparently not… The yield on the 10-year (U.S. note) went much lower on Friday and is still a little bit lower today. So they seem to believe that the Fed, at least, will consider tapering the tapering."
