Power Breakfast: Huge Fall In Markets Due To Septembers Strong Jobs Data, US Unemployment Improves From 3.7% To 3.5%

There was a huge fall in the US markets on Friday. Dow Jones lost 630 points and the Nasdaq fell 3.8%. The 10-year bond yield rose to 3.9%. The 2-year bond yield has crossed 4.3%. The overall unemployment rate in the US improved from 3.7% to 3.5%. Fed may increase rate by 0.75% in next policy.