Jobs Report Further Undermines Odds of October Rate Hike -- Market Talk

0922 ET - 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 say in a research note. Private companies aren't hiring as much as expected and past job numbers were downgraded, the analysts say. Job growth remains sluggish and wage growth slowed down, they say. It's a disappointing update on the labor market's conditions that has raised the bar for this month's inflation reports to justify a rate hike at the Fed's October meeting, the analysts say. Odds of an October rate increase are at 18%, according to the CME FedWatch tool. (dean.seal@wsj.com)

(END) Dow Jones Newswires

October 02, 2026 09:22 ET (13:22 GMT)