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Fells Point
Trends
- 1US economy added 29,000 jobs in September, below forecasts●US economy added 29,000 jobs in September, a slower pace than expected
The United States added 29,000 jobs in September, according to the latest labor market data, a pace that fell short of what economists had expected. The figure points to a further cooling in hiring, and analysts are weighing what the slowdown means for consumers, businesses and the Federal Reserve's next moves on interest rates.
- 2Wall Street set for higher open as jobs data cools rate hike fears●Wall St set to open higher as jobs data dampens rate hike odds, yields fall
US stock futures pointed to a higher open on Wall Street after fresh jobs data came in weaker than expected, reducing the odds of further Federal Reserve interest rate hikes. Treasury yields fell in response, easing pressure on equities. Investors are watching labour market signals closely for clues on the path of monetary policy.