The job report for September showed that non-farm payrolls increased by 263,000 for the month. The unemployment rate fell to 3.5%, despite harsh efforts by the Federal Reserve to slow the economy.
Analysts are concerned that the Fed's measures would eventually tip the economy into a recession. Also, the International Monetary Fund's managing director, Kristalina Georgieva, announced on Thursday that the IMF is once again cutting its global economic growth estimates for 2023 and expecting a $4 trillion reduction through 2026.
