WASHINGTON -- The unexpected jump in the jobless rate to 7.5% from 7.2% renewed speculation in the bond market Friday that Federal Reserve officials may be forced to trim short-term interest rates again, especially if the money supply does not pick up soon.

But many analysts felt the Fed would wait for further signs before taking any action.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.