Fed reporter Nick Timiraos stated that the recent ho-hum labor market report doesn't really change the narrative for the Federal Reserve, whose senior officials had indicated this week that an October rate hike was probably not their base-case scenario. The report's most significant aspect was what it failed to show: few signs from wages or the unemployment rate suggesting that the labor market is tightening in ways that would significantly add to price pressures. The September CPI, scheduled for release on October 14, was always expected to be more crucial than this report.