November jobs report pushes back on market’s expectations for aggressive Fed rate cuts
U.S. stock futures have already erased their post-jobs data dip. The verdict from professional market watchers: the report should push back against the market’s expectations for multiple interest-rate cuts from the Federal Reserve next year.
“Overall, this NFP release puts the Fed in a wait-and-see mode, there’s no rush to cut rates with this strong employment market – in fact, it might be premature,” said Giuseppe Sette, president of Toggle AI, in emailed commentary.