Surprising Dec US Payrolls Jump Supports Longer Fed Pause
(Reuters) - U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% from November's 4.2% as the labor market ended 2024 on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.
Jobs big picture: Labor market appears 'too strong' for more Fed rate cuts
Just a few months ago, the Federal Reserve was worried about rising unemployment as it moved to aggressively cut interest rates. And now? The Fed is on hold. A strong December jobs report certainly ensured that.
US adds surprisingly strong 256K jobs in December — dimming hopes for Fed rate cuts
US employers added a surprisingly strong 256,000 jobs in December — dimming hopes that the Federal Reserve will cut interest rates anytime soon. The blowout number from the US Bureau of Labor Statistics — a massive jump from the month before as hiring rebounded from strikes and major hurricanes — pushed back traders’ bets for the central bank to cut rates to October versus a previous consensus in June or July,
Fed's Bowman: supported Dec. rate cut as 'final' recalibration step
Federal Reserve Governor Michelle Bowman on Thursday said she supported last month's interest-rate cut as the "final step" in the U.S. central bank's monetary policy recalibration, with rising inflation risks dictating a cautious approach ahead.
Why the December Jobs Report Dashed Hopes for Another Fed Rate Cut
Key Takeaways The odds of the Federal Reserve cutting its benchmark interest rate this year fell after a jobs report Friday showed hiring in December blew past expectations.Strong job growth means less pressure on the Fed to cut interest rates to save the economy and prevent layoffs.
Most expensive homes sold in these N.J. counties from Dec. 30 to Jan. 5
The following is a list of all top lists articles in these New Jersey counties published from Dec. 30 to Jan. 5.
China's Dec exports likely gained momentum ahead of tariff uncertainty
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ...
Troy Record12d
DEC announces $16M in Climate Smart Communities Grant awards
New York State Department of Environmental Conservation (DEC) Interim Commissioner Sean Mahar today announced more than $16 ...
Manlius may possess mute swans for one more year, but can't let them reproduce, DEC says
"Transitioning possession to either trumpeter or tundra swans will enable the continuation of the Village’s storied tradition ...
Famous birthdays for Dec. 31: James Remar, Hunter Schafer
1 of 2 | James Remar arrives on the red carpet for Showtime's "Dexter: Original Sin" premiere at SVA Theater on December 11 ...
Brazil consumer prices expected to have gained traction in Dec.: Reuters poll
Brazil consumer price rises are expected to have gained traction in December as energy and goods costs fell less than in the ...
DEC: Weekslong drought watch lifted across N.Y.
New York state has lifted its statewide drought watch, ending what was nearly a monthslong period for some counties. Fifteen counties in and around New York City and the Hudson Valley were put under a ...