29,000 Jobs: Is the Fed Off the Hook? | S3 E171 | 10-02-26

The September jobs report came in much weaker than expected, and it could change the Federal Reserve’s next move.

The U.S. economy added just 29,000 jobs in September, while the prior two months were revised lower by roughly 60,000 jobs. Unemployment ticked up to 4.2%, labor force participation increased, and wage growth came in around 3% year over year.

So what does all of this mean for interest rates?

Megan Horneman shares the latest employment data, where jobs are being gained and lost, why Treasury yields are falling, and how the report could give the Fed more flexibility to hold rates steady in October and wait until December before making another move.

Plus, find out why equity markets are responding positively to weaker labor-market data.

Subscribe to Markets with Megan for quick, straightforward analysis of the economic data moving markets:

www.marketswithmegan.fm

#MarketsWithMegan #JobsReport #FederalReserve #InterestRates #StockMarket #Economy #Investing #MarketUpdate

https://youtu.be/NxVCfTmjACQ

Disclaimer:  material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks 
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance 
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any 
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the c...