839 days ago • Posted by Paul de La Baume
US hiring slows, unemployment falls #Fed #jobs #markets #stocks
US Non-farm payrolls increased 199’000 versus consensus of 422’000 expected in December. The jobs report is mixed with US non-farm payrolls weaker than expected but the unemployment rate slumped to 3.9% (consensus was 4.1%). This is the first job report since variant Omicron has taken the US by storm. The report comes at a critical time as investors are reassessing how to price assets in an environment of rising interest rates. Odds of hike as soon as March are moving higher to a 90% chance. Overall, it doesn’t change the Fed outlook yet. More data is needed, and next week will be key, with US CPI in focus on Wednesday.
