On CNBC's "Squawk Box," the firm's senior portfolio manager ruled out the Fed's meeting next week, targeting the mid-December gathering for liftoff to give central bankers two sets of monthly government employment data to digest and to communicate their intentions to Wall Street.
"The market is focusing on the deceleration in the payroll numbers," Ebner said. But he contended that's "not enough" for a pause. "The Fed hasn't completely missed the window. I think end of this year is likely; certainly not October."
Earlier this month, the Labor Department reported nonfarm job creation of a lower than expected 142,000 positions for September. The unemployment rate last month held steady at 5.1 percent, matching forecasts.
Job growth in August and July was revised lower.