The big news last week was, of course, the September labor market report, which showed the economy having created 156,000 new non-farm jobs, slightly fewer than expected, while the unemployment rate edged higher to 5.0 percent as more people looked for work. The question on everyone’s mind was what impact the report would have on expectations for the next Fed rate hike. As it turns out, those expectations rose fractionally for an expected rate hike at the Fed’s December meeting, to 64.3 percent after the report, up from 63.6 percent the day prior. There was a similar move higher regarding the February, 2017 meeting from 65.9 to 67.2 percent. In other words, the report was just good enough to keep expectations on track for a year-end rate hike.