Market pushes back expectations of lift-off, RBA to stay on hold

Forex News and Events US job report delay rate hike in 2016 (by Arnaud Masset) In the wake of a disappointing September US jobs report, market participants finally start to question the Fed’s eternal optimism. The last nonfarm payrolls report shows that the US economy created only 142k jobs in September while economists were looking for a reading of 201k. Even worse, the previous figure was downwardly revised to 136k from 173k. It seems now that the Federal Reserve is not only having an inflation issue but also a job market issue - average hourly earnings show that wage pressure was anaemic during the month of September. The US economy is losing momentum and it appears that the world’s biggest economy is even more vulnerable to
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