Federal Reserve expected to skip October rate hike after US job growth slowsTraders slash bets on an October rate increase to under 20 per cent after payrolls grow by just 29,000 last month.2 October 2026
US job growth slows sharply to 29,000 in SeptemberThe sharp slowdown in hiring and rise in unemployment to 4.2 per cent will put fresh pressure on the Federal Reserve to cut rates.2 October 2026