The Federal Reserve will keep its policy rate on hold in December, traders bet Thursday, after government data showed the labor market remained sluggish in September but was not deteriorating in a way that would bolster arguments for a third straight U.S. rate cut.
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Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
Nonfarm payrolls were expected to add 50,000 in September, according to the Dow Jones consensus estimate.
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The September jobs report is finally coming out Thursday. Here's what it is expected to show
Due at 8:30 a.m. ET, the report is forecast to show a gain of 50,000 jobs in the public and private sectors.
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Fed Minutes Show Support for Ending Quantitative Tightening
The Federal Reserve's decision last month to announce a looming halt to the drawdown of its balance sheet earlier than many had expected drew broad support from central bankers, meeting minutes from the late October policy meeting released Wednesday said.
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Trump's Economy Depends on AI for Growth
President Donald Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda, a reality laid bare this week as he hosted Saudi Arabia's Crown Prince Mohammed bin Salman.
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Delay in Jobs Data Dims Rate Cut Hopes, Lifts Yields
Treasury yields rose Wednesday after the U.S. government said jobs data for October and November will not come out before the Federal Reserve's December meeting, leading traders to reduce bets on an interest rate cut that month.
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