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US Payrolls Report to Impact Bonds and Fed Policy Decisions

share-iconFriday, January 10 comment-icon3 weeks ago 8 views
News sources:
reutersREUTERS
US Payrolls Report to Impact Bonds and Fed Policy Decisions

Credited from: REUTERS

  • The upcoming U.S. **December employment report** is crucial for understanding the tightness of labor markets as a new administration begins its term.
  • Recent economic data presents a **mixed picture**, with low jobless claims but weaker-than-expected private payroll growth.
  • Consensus anticipates jobs growth to drop to approximately **160,000** with an unemployment rate steady at **4.2%**.
  • The report's outcome may affect the Federal Reserve's strategy, which includes cautious **rate cuts** expected later this year.
  • Global markets, particularly in the UK, are experiencing similar **bond market strains**, with 30-year gilt yields reaching a **27-year high**.

For the full article, visit Reuters.


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