Reported about 19 hours ago
U.S. job growth in December significantly exceeded expectations, adding 256,000 jobs and lowering the unemployment rate to 4.1%. This strong labor market performance suggests that the Federal Reserve may pause interest rate cuts for a longer period, potentially affecting stock and bond markets. Economists indicate that the data could alter Fed's future monetary policy, as sustained job growth supports a robust economy while raising concerns about inflation.
Source: YAHOO