US Jobs Report Sparks Fears of More Aggressive Fed Rate Hikes

The US economy added 336,000 jobs in September, nearly double expectations.

The strong job growth suggests the Fed may continue aggressive interest rate hikes to cool the economy.

Stocks dropped and bond yields surged as investors brace for higher interest rates.

Markets are repricing expectations for interest rates to end the year higher than current levels.

Good economic data is bad for markets now, with stocks facing resistance unless inflation falls closer to the Fed's 2% target.