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A weak jobs report pulled October off the table, but two inflation readings and an oil price stand between borrowers and another rate hike before the year ends.
On Friday the Labor Department reported that employers added just 29,000 jobs in September. Economists had expected 90,000, and August was revised lower. Wage growth slowed to 3.0%. Within hours, traders had cut the odds of an October rate hike to about one in four, Reuters reported. Households hoping for relief…
September payrolls and cooler PCE data slash October rate-hike odds; markets now price low October chance but still see a likely December move.