Central BanksMedium•5 October 2026•
1 min read
Markets Await FOMC Minutes as September Payrolls Miss Expectations
Key Facts
1Markets are awaiting the release of the September FOMC meeting minutes on Wednesday.
2September payrolls rose by only 29k, significantly missing the expected 133k increase.
3Deutsche Bank economists expect two further 25bp Fed rate hikes over the next two quarters.
Financial markets are awaiting the release of the September FOMC meeting minutes this coming Wednesday, Reuters reported. This anticipation follows September payroll data showing non-farm employment rose by only 29k jobs, significantly missing the expected increase of 133k jobs.
Deutsche Bank economists expect two further 25bp Federal Reserve rate hikes over the next two quarters, despite the notable slowdown in the labor market. In a related context, previous data showed US consumer confidence at 81.9 on September 29, 2026, while JOLTs job openings stood at 7.079 million on the same date.