US Jobs Growth Slows, Paving Way for December Rate Hike

Today's jobs report showed weaker-than-expected growth in the US economy. Non-farm payrolls rose by just 29,000 in September, which is significantly lower than the predicted 90,000.

This softer-than-predicted figure has further diminished the chances of an interest rate hike in October, according to some experts. In fact, December now seems like a more likely date for the next move.

Market pricing for additional action remains too aggressive, say some analysts, who continue to believe that rates will not increase as quickly as expected.