Investors slash rate cut bets after strong September jobs report
It must be a thankless task predicting monthly US jobs data, which probably explains the widening range of forecasts in recent months. Estimates going into the latest (4 October) non-farm payrolls report spanned 60,000 at the bottom end to 220,000 at the top, so September's 254,000 reading was a genuine upside shock.Even more surprising was the unemployment level which inched down to within a cat'