today’s U.S. September jobs report.
Nonfarm payrolls: +29,000, versus roughly 90,000 expected.
August payrolls: revised down to +133,000 from +162,000.
Unemployment: rose from 4.1% to 4.2%.
The weaker report reduced market expectations for an October Fed rate hike; Reuters reported those expectations falling as low as 12% before recovering to around 21%. �
Reuters +1
Treasury yields fell and stocks moved higher as markets interpreted the data as reducing pressure for another hike. �
AP News
So, “Fed got more room to pause” is a reasonable market interpretation, but it isn't a guarantee—the Fed still has to weigh inflation alongside employment.
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #XRPPostsFirstThreeGreenMonthsInQ3
Nonfarm payrolls: +29,000, versus roughly 90,000 expected.
August payrolls: revised down to +133,000 from +162,000.
Unemployment: rose from 4.1% to 4.2%.
The weaker report reduced market expectations for an October Fed rate hike; Reuters reported those expectations falling as low as 12% before recovering to around 21%. �
Reuters +1
Treasury yields fell and stocks moved higher as markets interpreted the data as reducing pressure for another hike. �
AP News
So, “Fed got more room to pause” is a reasonable market interpretation, but it isn't a guarantee—the Fed still has to weigh inflation alongside employment.
#NFPWatch #BitcoinFundingRateTriplesTo10% #ZcashFalls21%FromSeptemberPeak #USSeptemberPayrollsAdd29KUnemploymentRises4.2% #XRPPostsFirstThreeGreenMonthsInQ3