✉news BusinessReal Estate first seen 3 d ago, last 3 d ago, peak #17
Weak Jobs Report Lowers Odds of October Fed Rate Hike
Original: Fed Rate Hike In October Looks Less Likely After Weak Jobs Report
A weak US jobs report has reduced expectations that the Federal Reserve will raise interest rates at its October meeting. Traders and analysts are revising their forecasts, with markets now pricing in a lower likelihood of a hike. The softer labor data suggests the Fed may hold off, a shift being closely watched by mortgage borrowers and the real estate market.
Why now: Fresh employment data has changed market expectations about upcoming Federal Reserve policy.
Evidence
- Fed Rate Hike In October Looks Less Likely After Weak Jobs Report · Realtor.com
- Fed Rate Hike In October Looks Less Likely After Weak Jobs Report · Realtor.com
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