Business Rundown: Is the Job Market Really as Bleak as the Fed Thinks?

When announcing interest rate cuts earlier this month, Federal Reserve Chair Jerome Powell expressed concerns about the labor market, following major downward revisions to job growth data. But is the US Employment picture as bleak as the Fed sees it? Markets get a clearer view on Friday when September’s jobs report is released. The data could have a significant impact on the Ced’s actions in the coming months as they try to navigate what Powell calls a “very difficult policy environment.”

Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins FOX Business’ Lydia Hu to discuss his expectations for Friday’s highly anticipated jobs report, what he expects from the Fed in the coming months, and how much Wall Street is worried about a potential government shutdown.