PenderFund Capital Management Chief Investment Officer Greg Taylor said,September the nonfarm payrolls report has essentially ruled out the Federal Reserve October possibility of raising interest rates again; he believes that December interest-rate hike expectations have already been fully priced in by the market.
United States September seasonally adjusted nonfarm employment increased by 29000 people, below expectations of 90000 people; the unemployment rate rose to 4.2%, and the previous nonfarm payrolls figure was revised downward.
BlockBeats says that, ahead of the U.S.September nonfarm payrolls report, Kalshi traders’ expectations for employment growth were higher than forecasts from investment banks such as Goldman Sachs and Bank of America. The report also said that the market is watching the data’s impact on interest-rate expectations.