Institutions: September Nonfarm Payrolls Report Essentially Rules Out Fed Rate Hike in October

PANews reported on October 2, citing Jinshi, that Greg Taylor, Chief Investment Officer of PenderFund Capital Management, said the September nonfarm payrolls report is actually very favorable for the market, because the market's previous concern was that the Fed would have to raise rates again in October. But based on this data, I think that possibility has now been completely ruled out. There may still be a possibility of another rate hike at the December meeting, but that expectation has already been fully priced in by the market. I don't think this will have much impact on the market. Most importantly, the possibility of a Fed rate hike in October has now essentially been ruled out, which will be positive for the market.