Jobs Report Undermines Odds of October Rate Hike
The September employment report has further undermined the chances of another Fed hike later this month after the tally of jobs added fell far short of expectations, BMO analysts said in a research note. Private companies aren't hiring as much as expected and past job numbers were downgraded.
The September employment report has further weakened the odds of another Fed hike later this month, BMO analysts said in a research note, after jobs added fell well short of expectations. The firm said private companies are hiring less than expected and that prior job figures were revised lower.