Greg Taylor: September non farm payroll report rules out possibility of Fed rate hike in October

Greg Taylor, Chief Investment Officer of PenderFund Capital Management, stated that the September non farm payroll report ruled out the possibility of the Federal Reserve raising interest rates in October. (Source: Golden Ten Data) AI interpretation: Non farm employment data, as a core indicator for measuring economic vitality, directly determines the marginal direction of monetary policy. The report clarifies the supply-demand balance in the labor market, completely blocking the policy space for short-term interest rate hikes. Maintaining interest rates unchanged in the current employment environment is an inevitable choice for the Federal Reserve, and the market has completely shifted its policy focus to the game of timing interest rate cuts. This conclusion eliminates the market's additional concerns about tightening policies and provides clear policy support for asset prices.