Brusuelas: Weak September Jobs Report Will Force Fed to Hold Interest Rates
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Joe Brusuelas of RSM US discusses the weaker-than-expected September jobs report. The month saw an additional 29,000 nonfarm payrolls against median consensus of 85,000. Joe says the print confirms a "no hire, no fire" jobs markets as the U.S. undergoes tighter immigration restrictions. He adds that the report will make an interest rate hike in October very unlikely. That said, Joe believes two rate hikes are still on the table for the end of 2026 and the start of 2027. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https:
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