jerome powell
Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington.
  • Friday's jobs report came in well above expectations, leading markets to see higher odds of another rate hike.
  • The likelihood for a 25-basis-point move in November jumped from 20% to 29%, per CME's FedWatch Tool. 
  • Employers added 336,000 jobs last month, above estimates of 170,000.

After the red-hot September jobs report, markets are pricing in higher odds for the Federal Reserve to hike interest rates at the November meeting.