Traders have even greater expectations for a December Fed rate cut after seeing a historically unreliable jobs report

1 week ago 5

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Wednesday’s shockingly disappointing private-sector jobs report for September was being taken by investors and traders as yet another sign of a substantially deteriorating U.S. labor market that reinforces the need for two more quarter-point interest-rate cuts from the Federal Reserve before year-end.

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Traders have even greater expectations for a December Fed rate cut after seeing a historically unreliable jobs report

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