Congress agreed to a short-term increase of the U.S. debt ceiling to avoid a national default and economic crisis. However, the contentious battle on Capitol Hill could still result in increased borrowing costs and the possibility of delayed government payments.

The U.S. added 194,000 jobs in September while the labor force shrank by 183,000, according to the September jobs report issued Friday by the Bureau of Labor Statistics. The report is the first since federal unemployment programs ended on Labor Day. The data offers the latest evidence that pandemic-era benefits did not play a major role in disrupting the labor market, according to labor economists.

Tapering is likely coming because the Fed said there is broad support to stop buying bonds by the middle of next year. Was this Jobs Report “decent” enough for the Fed to announce tapering at the November 3rd meeting? If Fed feels disappointing labor force poll, then tapering may not happen in November.

The market is high volatility between now and November 3rd. Keep an eye on the market and we recommend locking your target rates when you see fit.

国会同意短期提高美国的债务上限，以避免国家违约和经济危机。然而，国会山上的争议性战役仍可能导致借贷成本增加和政府延迟付款的可能性。

美国劳工统计局周五发布的 9 月份就业报告显示，美国新增就业人数为 194,000 人，劳动力减少 183,000 人。该报告是自联邦失业计划在劳动节结束以来的第一份报告。劳工经济学家表示，这些数据提供了最新证据，表明疫情时期的福利在扰乱劳动力市场方面没有发挥主要作用。

缩减購買債券的時間可能会到来，因为美联储曾表示，广泛的支持将在明年年中结束。这份就业报告是否足以让美联储在 11 月 3 日的会议上宣布缩减规模？如果美联储感到劳动力报告令人失望而劳动力预测下降，那么缩减可能不会发生在 11 月。

从现在到 11 月 3 日，市场波动很大。密切关注市场，建议锁定目标利率。