The U.S. added 254,000 jobs in September, almost double that of economists' expectations. The unemployment rate dipped to slightly above 4%. Strong hiring momentum suggests the Federal Reserve may opt for a smaller rate cut of twenty-five basis points at its upcoming November meeting. Experts noted this job growth aligns with a potential soft landing for the economy, and stocks rose following the data. Wage growth reached 4% annually, outpacing inflation, which economists estimate fell to 2.3%.
