Fed leans toward pausing rate hikes in October
Federal Reserve officials are leaning against another rate hike this month following a cooler job market report. US employers added just 29000 jobs in September. Traders now anticipate a potential rate increase at the December policy meeting.
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Federal Reserve policymakers are leaning against an interest rate hike in October, opting to weigh fresh inflation data after a cooler labor market report released Friday. The pause would follow a quarter-point increase implemented last month in United States. Central bankers are balancing stubborn price pressures against labor market stability as borrowing costs remain elevated.
