Jill On Money: Job growth soars, but uncertainty looms
Briefly

"Job creation was much better than expected in December, adding 256,000 new positions, and the total for 2024 was a solid 2.232 million, indicating the labor market has returned to its pre-pandemic average. This surge in employment can lead to elevated interest rates as the Federal Reserve seeks to keep inflation in check, much to the dismay of investors who are reacting by selling stocks and bonds."
"The December jobs report strengthens the likelihood that the Federal Reserve will maintain higher interest rates for a longer period, contrary to the previous projections for quarter-point reductions. Investors are concerned about this path, evident in market reactions such as the ongoing sell-off in stocks, which has been exacerbated by the positive economic outlook and the associated inflation control measures."
Read at www.mercurynews.com
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