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via business-standard.comEconomy

US jobs pickup may keep Fed on track for another rate hike

FROM THE WIRE · BUSINESS-STANDARD.COM

Forecasters expect the report to show monthly job growth more than doubled in October, to 65,000, while the unemployment rate remained steady at 4.2%

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA stronger labour market supports the case for further rate hikes, affecting bonds and the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Forecasters expect 65,000 jobs added in October, more than double the prior pace.
  2. 02The unemployment rate is expected to remain steady at 4.2%.
  3. 03The Federal Reserve is seen staying on track to hike rates.

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