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Sep. jobs report builds case for smaller Fed rate cut
Jobs report upshot: Economy, labor market are strong, Fed on track for 25-bp cut
"This month, the labor market looks stronger than we previously thought," Dan North, senior economist at Allianz Trade North America said after the Labor Department's exceptionally strong September nonfarm payrolls print.
Blowout September jobs data points to solid economy and slower Fed rate cuts, analysts say
September's 245,000 new jobs topped consensus forecasts by about 100,000. This means the Fed can probably slow the pace of rate cuts, economists said.
Larry Summers says jobs report shows Fed's half-point rate cut was 'a mistake'
Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake," in hindsight.
Employers added 254,000 jobs in Sep., blowing away forecasts
Employers added 254,000 jobs in September, blowing away forecasts
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
Employers added 254,000 jobs in September, reflecting strong gains as election nears
The September jobs report released Friday shows continued strong market growth heading into the November presidential election.
U.S. added 254,000 jobs in September, greatly exceeding expectations
The Labor Department said on Friday that the economy created 254,000 jobs in September, smashing Wall Street expectations and giving another boost to the Federal Reserve looking to ease off on the cou
4h
on MSN
The jobs number surpassed everyone’s expectations. Cue the complaints about the Fed
Last month, the Fed slashed interest rates by a supersized half-point in a bid to prevent the job market from falling apart, ...
9h
Chart of the Week: The jobs report's instant expectations shift
The September jobs report shocked economists with 254,000 new jobs added over the month, over 100,000 more than expected.
1d
El-Erian Warns Fed After Jobs Data: ‘Inflation Is Not Dead’
Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s ...
1d
Chicago Federal Reserve President praises strong September jobs report, cautions overexcitement
Economists should “take the longer view” on continued economic and inflationary recovery, even as September returned a ...
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