Summary
Job growth in September was stronger than expected, with the highest gains since April. Some important economic data is still missing, which makes it tough for the Federal Reserve to decide whether to cut interest rates.
Key Facts
- Job growth in September was higher than expected.
- September had the most job gains since April of this year.
- Not all necessary economic data is available yet.
- The Federal Reserve is considering another interest rate cut.
- Austan Goolsbee, president of the Federal Reserve Bank of Chicago, discussed these issues.
- The lack of some data makes decisions about interest rates more challenging.
