11AM Hour: September Jobs Below Expectations, Mortgage Rates on the Rise & Domyn CEO on AI 10/2/26

Markets are pricing an October Fed pause after soft jobs data, but Gary Stern and some strategists still expect a hike.

• Jobs data mixed: September payrolls came in below expectations with modest gains, wage growth slowing and revisions down, lowering near-term inflation risk per Fed officials cited by Steve Leisman.
• Stern bucks consensus: Former Minneapolis Fed President Gary Stern said he still expects an October rate hike even as markets price a pause, calling the jobs report inconclusive.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.