US Federal Reserve seen on longer rate-cut pause after December jobs data

The U.S. unemployment rate dropped to 4.4%, potentially easing Federal Reserve concerns about labor market weakness. Traders now anticipate Federal Reserve Chair Jerome Powell's final rate cut has occurred, with future easing decisions likely falling to his successor. While job growth was weaker than expected, the jobless rate decline offers the central bank breathing room.

from Markets-Economic Times https://ift.tt/7tkn1zx
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