Jobs Report Suggests Fed Rate Cut Still on the Table

Reported about 2 months ago

The latest jobs report, showing the creation of 227,000 jobs in November, aligns with Federal Reserve expectations and supports the likelihood of a quarter-point interest rate cut later this month. Despite a slight rise in the unemployment rate to 4.2%, economists express confidence in the Fed's approach, suggesting a cautious stance moving forward, especially as inflation data remains a significant factor in future decisions.

Source: YAHOO

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