Jobs report: US adds just 29,000 jobs in September, badly missing expectationsNEWS | 02 October 2026Investors are cheering a soft month for hiring as it suggests the Fed might not rush to raise interest rates as markets previously anticipated, easing the potential headwinds for equities.
Bond yields dropped sharply Friday morning as investors took in the cooler-than-expected jobs data. The yield on the benchmark 10-year US Treasury fell as much as 6 basis points to 5.17%. Major stock indexes popped, with the Dow jumping more than 400 points.
Bond yields dropped sharply Friday morning as investors took in the cooler-than-expected jobs data. The yield on the benchmark 10-year US Treasury fell as much as 6 basis points to 5.17%. Major stock indexes popped, with the Dow jumping more than 400 points.
Investors are cheering a soft month for hiring as it suggests the Fed might not rush to raise interest rates as markets previously anticipated, easing the potential headwinds for equities.
Markets are now pricing in a 72% probability the Fed will keep rates unchanged at their next policy meeting, up from a 36% probability priced in a week ago, according to the CME FedWatch tool.
"The jobs report has exposed the Fed's mistake in real time," Artem Bakushev, the head of risk at the brokerage Monaxa, wrote in a note. "That is not an economy demanding tighter policy; it is one beginning to lose momentum."Author: Source
