Traders have even greater expectations for a December Fed rate cut after seeing a historically unreliable jobs report

Wednesday’s unexpectedly poor private-sector jobs report for September has sent ripples through the financial world, highlighting ongoing challenges in the U.S. labor market. Investors and traders are interpreting this data as a clear sign that the economy may be weakening, fueling expectations that the Federal Reserve will need to implement two more quarter-point interest rate cuts before the year ends. As concerns about employment growth grow, the outlook for monetary policy remains closely watched by markets and economists alike.