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.
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.
US Fed's December rate cut should be its last for now: official
The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step
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.
Fed’s Bowman Sees Rate Cuts on Pause Until Inflation Declines Again
Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,
Fed's Bowman on rate cuts: “I continue to prefer a cautious and gradual approach'
Federal Reserve Governor Michelle Bowman said Thursday she still supports "a cautious and gradual approach" to interest-rate reductions, citing stalled progress on lowering inflation. “The rate of inflation declined significantly in 2023,
5 things to know for Dec. 30: Jimmy Carter, worker visa feud, South Korea plane crash, severe weather, gas prices
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China's Dec exports likely gained momentum ahead of tariff uncertainty
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10 most expensive homes sold in Essex County, Dec. 30 - Jan. 5
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