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The Federal Reserve raised rates in September to fight an energy-driven inflation spike, betting the labor market could handle the pressure. September's jobs report suggests that bet may have been wrong.
U.S. employers added just 29,000 jobs in September as unemployment edged up to 4.2%. Kalshi traders now price an October rate hold at 77%.
According to a report from The Associated Press, U.S. employers added a disappointing 29,000 jobs and the unemployment rate ticked up last month, the