The U.S. economy added 136,000 jobs in September, while the unemployment rate fell to 3.5%
Traders are increasing wagers that the Federal Reserve will continue to cut interest rates to stave off a recession, raising the stakes for Friday’s hiring data following a volatile stretch for markets.that weakness in the manufacturing sector is spreading to other segments of the economy. Global stocks and commodities such as oil and copper tied to global growth have also slid, as have Treasury yields with investors seeking safety from the volatility. Bond yields fall as prices rise.
While there are some signs that lower rates are helping the housing sector stabilize, many analysts still project weaker economic activity without a ceasefire on tariffs.for interest rates and trade talks have swung markets, including on Thursday, when stocks erased an early selloff. The recent turbulence has some anticipating more gyrations ahead.
Driving those bets: A spate of tepid growth figures around the globe. Surveys of purchasing managers in Europe and Asia released earlier in the week pointed to deepening manufacturing declines in September.
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