The U.S. Bureau of Labor Statistics released a better-than-expected jobs report in September, which has had a positive effect on stock and bond markets. The nonfarm payroll employment increased by 336,000, and the unemployment rate remained unchanged at 3.8%. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases, and the 10-year Treasury rate traded near its highest level in 16 years.The jobs report was welcomed by market players, despite initial concerns over a potential rise in Treasury yields. Wage growth, however, remained below expected levels in the same month, indicating the need for more balanced economic development.The Federal Open Market Committee (FOMC) confirmed in September that the benchmark interest rates would remain steady at 5.25% to 5.50%. Federal Reserve Chairman Jerome Powell emphasized during a news conference following the Fed’s meeting that the central bank is still assessing whether inflation is falling sustainably. He noted that curbing inflation is critical to ensuring the health of the economy, and the strength demonstrated by the labor market allows the Fed to proceed cautiously.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	10
People	Federal Open Market Committee, Bureau of Labor Statistics, Dow Jones, Jerome Powell
Companies	Nasdaq Composite, U.S. Bureau of Labor Statistics, Dow Jones Industrial Average, Federal Reserve, Federal Open Market Committee, S&P 500
Currencies	None
Securities	None