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Agencies: Nonfarm payrolls report confirms Fed's soft landing expectations

Tim Horan, chief information officer at the Chilton Trust's fixed income unit, said strong job creation confirmed the Fed's approach, suggesting a soft landing was just around the corner.。Horan said September was a higher than expected 25.40,000 new non-farm payrolls allowed the Fed to be absolutely pragmatic, even considering a pause (rate cut) in November to digest the election results without worrying about falling behind the curve。With the job market doing fairly well, the Fed can adjust monetary policy with ease and see how elected officials plan to handle government spending。Horan said that while officials avoided commenting on fiscal policy, the Fed had to worry about the ballooning national debt.。

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