Lates News

date
03/10/2026
Federal Reserve's Hammack said on Friday that the September U.S. employment report was consistent with recent hiring trends, and noted that she still has time to decide the direction of the next move in monetary policy. Hammack said the September employment report showed about 29,000 new jobs were added, with the unemployment rate rising to 4.2%, figures that are in line with the sector's recent performance. "Over the past 12 months, an average of about 41,000 new jobs were created each month, which is roughly in line with my estimate of the 'breakeven' level for the sector, and this also indicates a stable trend in hiring." Hammack said. Regarding how the Fed should approach monetary policy, Hammack said: "Before the meeting at the end of this month, we will still receive a great deal of information, so there is ample time to decide what policy stance to take to ensure that we can fulfill our established mandate."