Reported about 14 hours ago
The latest US jobs report revealed a significant increase in nonfarm payrolls by 256,000 in December, leading to an unexpected drop in the unemployment rate to 4.1% and a moderate rise in average hourly earnings. This data suggests that the Federal Reserve may hold off on cutting interest rates, as the labor market shows resilience despite ongoing inflation issues. With strong job gains in various sectors, policymakers are likely to proceed cautiously, with just two projected rate reductions for 2025 amidst concerns of persistent price pressures.
Source: YAHOO