💨 Abstract

The US economy added only 12,000 jobs in October due to industrial action and hurricanes, with the unemployment rate holding steady at 4.1%. This has led to a fall in U.S. government bond yields and a slight increase in stock futures. The focus has now shifted to the upcoming U.S. presidential election, with the Fed likely to maintain its course for interest rate cuts in November and December.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖