Dec. Jobs Report Keeps Door Shut on Jan. Rate Cut

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.
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.
December Jobs Report Keeps Door Shut on January Rate Cut
A rate cut from the Federal Reserve was already very unlikely this month, and the December jobs report slammed the door shut on any such prospect. Fed officials began cutting rates last September amid signs of labor market wobbles and much cooler inflation.
Strong December job growth could augur fewer Fed interest-rate cuts. Here's why.
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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.
Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying
The December jobs report showed a surprise surge in hiring and an unexpected drop in the unemployment rate. Taken together, the data strengthen the case for the Federal Reserve to maintain its current cautious stance toward lowering borrowing costs,
December Jobs Report: Big Month Defies Slowdown Expectations
The last full month's worth of jobs figures under President Joe Biden surprised economists yet again, as December's nonfarm payrolls vaulted over estimates, making a January pause in the Federal Reserve's rate-cutting cycle look all but certain.
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