Powell Set For A 'Dovish Hold' In December, Economists Say After Jobs Data

Fed Chair Jerome Powell is expected to maintain interest rates at the year's final Federal Reserve meeting, with a potential dovish tone due to mixed labor market signals. September's employment data showed a rise in unemployment to 4.4%, the highest since October 2021, despite a payroll increase. Economists suggest a 'dovish hold' is likely, with divided views within the FOMC. Market odds for a December rate cut have increased, with Treasury yields easing slightly.