A soft October jobs report gives the Federal Reserve cover to keep interest rates unchanged at the next Fed meeting, experts say. Just remember that the "data dependent" central bank will see one more jobs report – and two inflation readings – before it convenes for the last time in 2023, they add.
U.S. nonfarm payrolls expanded by just 150,000 last month, the Bureau of Labor Statistics said Friday. That was short of economists' estimate for 170,000 new hires, and far softer than the average of 258,000 jobs per month created over the past year.
