Bets on an October Fed rate hike fall as US job market cools
- The US added 29,000 jobs last month, below economists’ forecast of 90,000
- The unemployment rate rose to 4.2%
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Organisation
US Fed● ±0% 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
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Fed officials give hints on rate decision as markets cut October rate hike odds
- Philip Jefferson and John Williams stressed patience and data dependence
- Markets sharply cut October rate hike odds
- Fed rate expectations can affect foreign flows into Indian equities
Fed's Logan says rate hikes of 50 bps or more may be needed to cool inflation
- Logan said rates need to rise 50 bps or more to cool inflation
- She noted the run-up in US Treasury yields
- Higher US yields can pressure the rupee and foreign flows into Indian equities
