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Market move● Neutral for Indian equities
Traders now see little chance of a Fed rate hike in October after weak jobs report
The brief
- Odds of an October Fed rate hike tumbled after a report showed a soft labor market
- More traders lowered the chance of a rate increase this month
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- Bets on an October Fed rate hike fall as US job market cools
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- US adds 29,000 jobs in September as unemployment rises to 4.2%