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Nuveen CIO says jobs relief raises odds of Fed hike

Saira Malik, chief investment officer at Nuveen, said the strong jobs report is “a relief for the jobs market” but not for investors, as it lifts odds of a Fed rate hike this month.

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"This number is a relief for the jobs market, but it's not a relief for investors."-Saira Malik, chief investment officer at Nuveen, speaking on CNBC about how the strong jobs report drags up the odds of a Fed rate hike this monthThis item is part of a Wall Street Journal live coverage event.

The f…