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.
US Payroll Surge Delays Federal Reserve Rate Cuts
The latest U.S. payroll data has shifted market expectations for Federal Reserve rate cuts, with traders now forecasting a single reduction in October 2025, according to Bloomberg. Earlier projections suggested a
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.
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 ...
5 things to know for Dec. 30: Jimmy Carter, worker visa feud, South Korea plane crash, severe weather, gas prices
It’s been a historic year with a set of news events that triggered feelings of despair, but also hope and resilience. Take a moment to view CNN’s Year in Pictures for a look at some of the most ...
10 most expensive homes sold in Essex County, Dec. 30 - Jan. 5
A house in Montclair that sold for $2.9 million tops the list of the most expensive residential real estate sales in Essex ...
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 ...
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 continuation of the Village’s storied tradition of ...
DEC lifts drought warning across New York
The state Department of Environmental Conservation on Friday updated drought conditions across the state, returning all 62 New York counties to "normal" status. In cooperation with the state's Drought ...
China's consumer inflation slows in Dec
China's consumer inflation slowed in December, while producer price deflation persisted, as Beijing ramped up policy support ...
Outdoor News3d
Doorbell security camera helps New York DEC end year-old poaching case
The subjects, both residents of New Jersey, admitted to illegally shooting and killing the deer from the roadway the previous ...