September Jobs Report: Unemployment Rises, Fed May Skip Hike — SkimNews
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The U.S. September jobs report came in soft, with the unemployment rate ticking higher and hiring slowing enough to fuel market expectations that the Federal Reserve will skip an October rate hike.
Why it matters: A weaker-than-expected September payrolls print and a rising unemployment rate give the Federal Reserve additional cover to hold rates steady in October, and traders are already repositioning around that outcome rather than around another hike.
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