U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.
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Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.
The Bureau of Labor Statistics releases the October nonfarm payrolls report Friday at 8:30 a.m. ET.
One policymaker voted to raise the bank's key interest rate to 4.25%.
Private-sector job growth held steady in October, with gains spread across sectors
It was driven by energy inflation, which surged above 20% in October.
The BLS reported job openings at 7.52 million, up 333,000 from August and well above the Dow Jones consensus outlook for 7.15 million
The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.
The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus.
The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.
Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.
Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.
Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.
The CNBC Fed Survey shows that 93% of respondent expect a pause at the Federal Reserve meeting taking place this week.
Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000.
Housing data deteriorated further in September, according to separate reports Tuesday.
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
Sitharaman identified fuel, fertilizer and access to capital as risks for India’s economy in 2027.