Hassett: US jobs data points to strong consumer
NEC Director Kevin Hassett said the jobs report points to a strong consumer and expects a robust holiday season.
NEC Director Kevin Hassett said the jobs report points to a strong consumer and expects a robust holiday season.
US stocks opened higher after September payrolls rose less than expected, tempering rate hike fears.
US jobs added just 29,000 in September, sending yields lower, dollar down, and stock futures higher.
US personal savings rate fell to 4.1% in August 2026, its lowest since November 2022, raising questions about Bitcoin as a hedge.
European stocks are up and Treasury yields are off their highs as investors await US jobs data; oil is lower and gold is steady near $4,180.
Solana rose after Fed's Williams and Jefferson lowered October rate hike probability from 70% to 25%.
Markets await September payrolls with Fed pricing at 7.1 bps and oil down on European reserve release talk.
The dollar is mixed as traders await the September US jobs report. Oil falls and stock futures point higher.
September saw dollar strength, peso and AUD/NZD weakness, ruble and yen gains. October outlook focuses on Fed, BoJ, oil, and trade talks.
Silver prices stabilize near recent lows after dovish Federal Reserve comments lessen the likelihood of an October rate increase.
Bitcoin trades near $77,397, down 40% from record, as September volatility challenges investors.
Stocks rebound as Treasury yields ease from highs, but the upcoming US jobs report could reverse the calm.
September US nonfarm payrolls expected at 90K, with unemployment steady at 4.1%. Release could impact Fed rate hike odds and dollar.
Bitcoin broke out of its range after dovish Fed comments lowered October rate hike probabilities to 25%.
Eurozone consumer inflation rose to 3.8% year-on-year in September, exceeding forecasts. Energy prices drove the increase, while core CPI was steady at 2.5%.