[Economist: Maintaining the judgment that the Federal Reserve will not raise interest rates in October but will do so in December] Jin10 Data, October 3 – Joseph Brusuelas, Chief Economist at RSM US: 'The U.S. labor market characterized by "low hiring, low layoffs" remains our baseline assessment, and we expect hiring to continue to be sluggish in the future. The slight rise in the unemployment rate is primarily due to statistically insignificant noise, and it is still most appropriate to describe the U.S. labor market as being at "full employment." Sluggish hiring growth and fluctuations in domestic labor force data in the U.S. should support those within the Federal Reserve advocating for maintaining the federal funds rate unchanged at the upcoming October meeting. September data indicates that the risk of second-round inflation driven by wage increases is minimal or nonexistent. In fact, the Federal Reserve is currently not concerned about employment as a policy objective. Our baseline judgment for the direction of monetary policy remains: no rate hike in October, a 25 basis point hike in December, followed by another 25 basis point hike in March 2027.'