In U.S. Federal Reserve officials' latest projections and recent public commentary, the overall economy is seen remaining in solid shape but the job market is seen as weakening and a subject of increasingly intense concern.

Surprisingly strong hiring in September has taken pressure off the Federal Reserve by reducing worries over the US labor market, giving policymakers room to continue cutting interest rates at a more gradual pace in coming months.

Good news on jobs means you can say goodbye for now to your dreams of continued aggressive rate cuts from the Federal Reserve. State of play: The Fed may have adjusted rates by a supersized half percentage point in September,

A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.

The September jobs report showed surprising signs of strength in the labor market that have economists questioning how much more the Federal Reserve will cut interest rates in 2024.