Jobs Growth Slows While Markets Remain Volatile Ahead of Further Expected Fed Rate Hikes

Private payrolls rose 89,000 last month, suggesting labor demand is slowing in some industries.

Investors are eyeing cheapened assets as stocks remain in oversold territory.

Markets expect further Fed rate hikes, pricing a 1-in-3 chance in November and over 50% in December.

Volatility is expected until there is more clarity on the direction of interest rates.

Key events this week include US ISM services data, jobs reports, and comments from Fed officials.