Greg Taylor, chief investment officer at PenderFund Capital Management, said the September nonfarm payrolls report was supportive for markets and has largely removed the chance of a U.S. Federal Reserve rate hike in October. He added that while markets may still expect another increase at the Fed’s December meeting, that possibility has already been priced in. In his view, the December outlook is unlikely to have a major impact on markets because investors have already adjusted to that scenario. The comments were cited by ChainCatcher.
According to ChainCatcher, Greg Taylor, chief investment officer at PenderFund Capital Management, said the September nonfarm payrolls report was favorable for markets and has largely ruled out the possibility of a U.S. Federal Reserve rate hike in October.
He also said markets may still expect a rate increase at the Fed’s December meeting, but that expectation has already been priced in and is unlikely to have a major market impact.
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