Analysts: Outdated non-farm payroll report puts the Federal Reserve in a decision-making dilemma

According to B. Riley Wealth analyst Art Hogan, the problem lies in the significant lag in the September US non-farm payroll report, with the next report not expected until after the Fed's December interest rate decision. This puts the Fed in a decision-making dilemma and does not significantly increase the probability of rate cuts in any direction. The market rally was mainly driven by solid earnings reports from Nvidia and Walmart, so the market reaction was more driven by corporate profits than economic data. (Jinshi)