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October jobs report beats expectations with 165K jobs added, boosting odds of December Fed rate hike.

Market News
06 Nov 2026, 21:30 WIB
Seeking Alpha
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Bearish
October jobs report beats expectations with 165K jobs added, boosting odds of December Fed rate hike.

October's U.S. jobs report showed a strong gain of 165,000 jobs and a drop in unemployment to 4.1%, far exceeding expectations and signaling ongoing economic strength. This robust labor market reduces the Federal Reserve's justification for keeping interest rates steady, making a rate hike in December highly likely unless upcoming inflation data surprises on the downside. Higher rates are expected to pressure small caps, REITs, BDCs, and long-term bonds, while large tech companies and short-term Treasuries may remain more resilient. Investors should prepare for a shifting market environment as the Fed moves toward tightening monetary policy again.

The Fed's December rate hike prospects are informed by strong U.S. jobs data. For readers following Financials, here is Pluang's market snapshot as of Nov 07, 2026 01:41 WIB: of 142 priced Financials-sector US stocks tradable on Pluang, 59 rose and 83 fell today. Notable movers include RIOT at USD 16.75 (+13.48%), HUT at USD 51.91 (+12.97%), and AVAT at USD 0.73 (-8.98%).

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