Data●
US economy adds just 29,000 jobs in September as hiring slows sharply
- The US economy added 29,000 jobs in September, as hiring slowed sharply
- US hiring weakness may affect Indian IT firms through client spending and Fed-rate expectations
Organisation
US Fed● +12% net tone today
- Fed’s Logan said interest rates may need to rise 50 basis points or more to cool inflation
- Fed Governor Jefferson saw no urgency for another rate increase
- Fed Governor Cook identified AI-driven inflation as a top risk for 2027
Stories per day
727 Sept
2328 Sept
2429 Sept
3330 Sept
221 Oct
192 Oct
73 Oct
Data▲
US jobs growth falls sharply to 29,000 in September; rate-hike bets tumble, futures surge
- US employers added 29,000 jobs in September, below expectations of 84,000–90,000
- Rate-hike bets tumbled and futures surged after the weak jobs figure
Data●
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
- The US added 29,000 jobs in September and unemployment rose to 4.2%
- Traders priced a 23% chance of a second Fed rate hike at its policy meeting later this month
- US rate expectations influence foreign flows into Indian equities and funding conditions for Indian companies