September jobs report triggers market shift as interest rates expectations cool
Charles Payne and EJ Antoni analyze the disappointing September jobs report. They discuss the impact of only 29,000 jobs being added on interest rates and the unemployment rate, suggesting a Fed rate hike is off the table.
Interest rates expectations cool as the disappointing September jobs report is released. Charles Payne and EJ Antoni analyze the market reaction to the 4.2% unemployment rate after only 29,000 jobs are added. This unexpectedly soft economic data suggests that any aggressive near-term rate hikes from the Fed are now off the table.