-
US jobs report heightens chances of an extended Fed pause
The US jobs report shows payrolls rose 256k in December versus the 165k consensus figure. Revisions to the past two months were -8k. The unemployment rate has fallen to 4.1% from 4.2% – the consensus was for it to hold at 4.2% with the risk skewed towards a 4.3% outcome. Wage growth was 0.3% month-on-month with the year-on-year rate slowing to 3.9% from 4%. All of this provides clear backing for a no change interest rate decision from the Federal Reserve later this month. There are two payrolls reports ahead of the March Federal Reserve FOMC meeting and there will be the annual benchmark revisions next month. These ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 10, 2025 12:45pm Jan 10, 2025 12:45pm
- BaliBoyz80
- | Joined Mar 2020 | Status: Member | 858 Comments
- Comment #2
- Quote
- Jan 10, 2025 2:12pm Jan 10, 2025 2:12pm
- objective
- | Joined Apr 2014 | Status: Member | 144 Comments
- Comment #3
- Quote
- Jan 12, 2025 3:39am Jan 12, 2025 3:39am
- Elpirata
- | Joined Aug 2022 | Status: Member | 33 Comments