Strong December Jobs Report Kills Chances Of A January Fed Rate Cut
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal Reserve decision on January 29.
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Strong US job growth raises doubts about further Fed rate cuts
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve policymakers to puzzle over the need for more interest rate cuts in a strong economy.
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls was leading to a reduced market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of calculating expectations — and one big bank sees the risks tilting toward a rate hike.
US added a strong 256,000 jobs in December as unemployment rate dipped to 4.1%
US hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates. The Labor Department reported Friday that job growth was up last month from 212,
Fed seen cutting policy rate just once in 2025 as job growth surges
Traders on Friday bet the Federal Reserve will wait until at least June to reduce its policy rate, and end its rate-cutting cycle there after government data showed employers added far more jobs than expected in December.
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.
Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers ...
U.S. Job Growth Excels But These Companies Are Announcing Layoffs
Jobs and job growth in the U.S. beat expectations, as the unemployment rate fell to 4.1% in December. Meanwhile, these ...
Microsoft Announces Job Cuts Across Company with Performance Focus
Microsoft ( MSFT, Financial) is set for another round of layoffs, and sources say these will include underperformers in ...
These are the companies that laid off the most San Francisco workers in 2024
Layoffs topped 5,500 in San Francisco in 2024, per data from the Office of Economic and Workforce Development. The WARN ...
Bezos-owned Washington Post cuts more jobs
The Washington Post is laying off nearly 100 workers, or 4% of its staff, in an attempt to stem growing losses. The cuts will ...
Stock market today: Dow plunges 697 points after jobs report hits rate-cut bets
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," ...
Dow falls almost 700 points after blowout jobs report dashes hopes for more rate cuts
US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate ...