September’s mixed US jobs report has offered investors a ray hope after a rough week filled with uncertainty and gloom. This positive sentiment is being reflected in the Dollar’s valuation, US stocks and falling Gold prices. Although the US economy only added another 136,000 jobs in September and average earnings cooled to an annual pace of 2.9%, the bright spot was the unemployment rate which dropped to a 50-year low at 3.5%. While today’s report is unlikely to derail the Federal Reserve from cutting interest rates in October, it could shape rate cut expectations for December.
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