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Sohaib jutt
🚨 No rate hike in October? Don’t pop the champagne just yet. The Fed may have simply kicked the can down the road to December.
Last Friday’s jobs report caught the market completely off guard.
The US added just 29K jobs in September vs. expectations of around 90K. Unemployment climbed to 4.2%, wage growth slowed to its weakest pace since 2021, and the previous two months were revised down by another 60K jobs.
Naturally, traders started backing away from the October rate-hike bet.
#DailyOrb
