Fed may skip October but pull rate hike trigger in December
September payrolls rose just 29,000 against the 90,000 expected and unemployment ticked up to 4.2%, but slower wage growth and low jobless claims kept the Fed leaning against a second straight hike at its Oct. 27–28 meeting. Futures put an October move at about 25%. JPMorgan still expects a December hike if the next two CPI prints show sticky core inflation.