Traders have even greater expectations for a December Fed rate cut after seeing a historically unreliable jobs report

Core Viewpoint - The disappointing private-sector jobs report for September indicates a significant decline in the U.S. labor market, suggesting the necessity for two additional quarter-point interest-rate cuts by the Federal Reserve before the end of the year [1] Group 1 - The private-sector jobs report for September was shockingly disappointing, reflecting a deteriorating labor market [1] - Investors and traders are interpreting this report as a signal for further monetary easing by the Federal Reserve [1] - The expectation is for two more quarter-point interest-rate cuts to be implemented before year-end [1]