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Market Impact: 0.55
Brusuelas: Weak September Jobs Report Will Force Fed to Hold Interest Rates
Source: youtube.com
Economic DataLabor MarketMonetary Policy
September nonfarm payrolls increased by just 29,000, materially below the 85,000 median consensus forecast by 56,000 jobs. The weaker-than-expected labor-market reading raises concerns about slowing economic momentum and could influence expectations for a more accommodative monetary-policy path.
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