- The U.S. economy likely created jobs at a brisk clip in September, with anticipated job gains of 191,000 matching the monthly average for the past three months, and the unemployment rate probably falling to an 18-year low of 3.8%.
- Further suggesting gradual interest rates increases from the Fed, the non-farm payrolls report is expected to show a steady rise in wages, implying moderate inflation pressures and easing concerns about the economy overheating.
- Dow and S&P 500 -0.1%; Nasdaq -0.3%. Oil is up 0.5% at $74.70/bbl, gold is 0.1% higher at $1202/ounce and the 10-year Treasury yield is up 1 bps to 3.2%.
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