Greg Taylor: September Non-Farm Payrolls Boost the Market, Basically Rule Out Possibility of Federal Reserve Rate Hike in October

PenderFund Capital Management Chief Investment Officer Greg Taylor stated that the September Non-Farm Payrolls report is actually very favorable for the market, as previously there were concerns that the Federal Reserve might have to raise interest rates again in October. However, based on this data, I believe this possibility has now been completely eliminated. There is still a chance of another rate hike at the December meeting, but this expectation has already been fully priced in by the market. I don't think this will have much impact on the market. Most importantly, the possibility of the Federal Reserve raising rates in October is now essentially ruled out, which will be positive for the market.