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Traders Trim Bets on October Fed Easing After Jobs Report

  • Fed funds futures show 17.5 basis points of easing this month
  • Powell said the U.S. economy is in a ‘good place’ on Friday
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U.S. Adds 136,000 Jobs in September, Jobless Rate Falls to 3.5%
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Investors pared expectations for future Federal Reserve rate cuts this year after the September jobs report showed the U.S. unemployment rate dropped to a 50-year low.