US EditionWeak US Jobs Report Forces Fed to Accelerate Rate Cuts
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Weak US jobs report forces Fed to accelerate rate cuts: deVere
US employers added just 50,000 jobs in December, and with hiring momentum fading fast, the Federal Reserve now faces mounting pressure to accelerate interest-rate cuts at its next meeting rather than continue with cautious, incremental easing. This is the warning from Nigel Green, CEO of global financial advisory giant deVere Group, as today’s labor data transforms the rate debate. “The Federal Reserve already began easing, but December’s empl…
US employment growth fell short of expectations in December, leading markets to no longer believe the Federal Reserve will cut interest rates in January. Treasury yields were unchanged on Friday.
Yields in the US government bond market began to rise on Friday after December unemployment data fell more than expected, overriding key figures pointing to a slowdown in employment, Bloomberg reported.
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