The most important task for the Fed in October is to reverse the market's expectation of a rate hike this month. Compared to last week, the probability of no rate hike in October has risen to 71%, while it was only 24% last week—a complete reversal. The data also doesn't support further rate hikes. With tonight's key non-farm payroll and employment data being released, it's pretty much confirmed that the Fed won't raise rates this month.