The U.S. economy added only 29,000 jobs in September, in a negative surprise pointing to a sharp slowdown in the labor market.
Meanwhile, the unemployment rate rose to 4.2%, strengthening investors’ concerns about weak economic activity.
Before the report was released, traders were pricing in only a 23% probability of a second rate hike by the Federal Reserve at a policy meeting scheduled later this month.
These pricing levels reflect broad caution in markets about the outlook for U.S. monetary policy in the coming period.
You’re not the only one—others beat you to it and they’re still watching. Enter my profile and stay with what those reading it before the news spreads.
Meanwhile, the unemployment rate rose to 4.2%, strengthening investors’ concerns about weak economic activity.
Before the report was released, traders were pricing in only a 23% probability of a second rate hike by the Federal Reserve at a policy meeting scheduled later this month.
These pricing levels reflect broad caution in markets about the outlook for U.S. monetary policy in the coming period.
You’re not the only one—others beat you to it and they’re still watching. Enter my profile and stay with what those reading it before the news spreads.
