Reported about 18 hours ago
The hot December jobs report indicates strong labor market performance, leading Wall Street strategists to suggest that the Federal Reserve may shift focus towards potential interest rate hikes in 2025. With 256,000 new jobs created and a drop in the unemployment rate, analysts believe the Fed won't cut rates in its upcoming meetings until inflation shows significant signs of cooling. The report has sparked discussions about the risks of rising inflation, especially with consumer expectations increasing, suggesting that the Fed's next moves will largely depend on inflation developments.
Source: YAHOO