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Weak September jobs data boosts stocks, reinforces Fed rate-hold view

  • U.S. employment data showed unexpectedly weak September conditions.
  • Nonfarm payroll growth came in far below market expectations.
  • All three major U.S. stock indexes rallied Friday as rate-hold expectations strengthened.

U.S. September employment data was unexpectedly weak, with nonfarm payroll growth coming in far below market expectations. The report reinforced the view that the Federal Reserve will hold interest rates steady at its policy meeting this month, while all three major U.S. stock indexes rallied Friday.

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Weak September jobs data boosts stocks, reinforces Fed rate-hold view - CoinPost Terminal