2026-10-03 21:37:05
U.S. September Nonfarm Payrolls Miss at 29K, Fed Rate Hike Bets Drop; Nasdaq Gains 1.19% on October 2
According to the U.S. Department of Labor, September nonfarm payrolls increased by only 29,000 on October 2, significantly below the market expectation of 84,000, prompting investors to reassess Federal Reserve rate hike prospects. The CME FedWatch tool shows the probability of at least a 25 basis p