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America Added Just 29,000 Jobs in September. Did the Fed Just Get Its First Warning That It Went Too Far?

Source: 247wallst.com

Economic DataMonetary PolicyInterest Rates & Yields
America Added Just 29,000 Jobs in September. Did the Fed Just Get Its First Warning That It Went Too Far?

U.S. employers added only 29,000 jobs in September, sharply below the Reuters consensus forecast of 90,000. The weak payroll result came two weeks after the Federal Reserve raised interest rates, signaling a potential cooling in labor-market momentum and increasing scrutiny of the Fed's policy path.

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