#usoctobernfp-areratecutsstillpossible Investors are waiting for the upcoming October nonfarm payrolls report to see if future interest rate cuts are still possible. The Federal Reserve recently paused rates after sticky inflation and a steady job market. Economists expect job growth to show a small recovery. If employment data comes in much weaker than expected, hopes for rate cuts could return. However, strong hiring numbers will likely keep interest rates higher for longer as markets watch the next moves.
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