October rate hike odds collapse after cooler payrolls print

October rate hike odds collapse after cooler payrolls print

Cool September jobs data and softer PCE inflation slash October Fed hike odds to 18%.

Fed Rate Hike in October Looks Less Likely After Weak Jobs Report

The U.S. economy added just 29,000 jobs in September, well below economists’ forecasts, as the unemployment rate increased.http://dlvr.it/TVmg1X

Fed Faces Less Pressure to Hike Rates After September Jobs Slowdown

The Fed is increasingly expected to skip an October rate hike after US employers added just 29,000 jobs in September and unemployment rose to 4.2%.

Fed Rate Pause Likely After Payrolls Add Just 29K Jobs in Weakest Month of 2023

S&P 500 and Nasdaq gained as September's 29K payroll additions reduced Fed rate hike odds, while Treasury yields reached multi-decade highs despite weak data.

The October Fed hike just died. Here's what the 29K jobs ...