The stock market is headed for a new 2022 low in October after strong jobs report strengthens the Fed's case for more hawkish rate hikes, BofA say

The inventory marketplace is poised to make a brand new low in October

after September's sturdy jobs report, in keeping with Bank of America.

The US economic system introduced 263,000 jobs remaining month, and the unemployment charge dipped to 3.5%.

"Only query for buyers is difficult touchdown or smooth touchdown in 2023

we are saying difficult touchdown," BofA said.

US shares are poised to make a brand new low in October following September's sturdy jobs document,

The US economic system delivered 263,000 jobs ultimate month, besting estimates of 255,000,

the unemployment fee dipped to 3.5% from 3.7%.

The jobs document best strengthened the Federal Reserve's

policymakers want to maintain to hike hobby fees to melt the economic system and tame inflation