The September jobs report was stronger than expected and is likely to assuage recession fears, driving up hopes for soft landing or no landing economic scenarios.

September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing.

Stronger-than-expected job growth could reaffirm the market’s expectation the Fed will slow its future rate cuts to a quarter-point each, following a half-point reduction at its September meeting. Softer growth could do the opposite,