U.S. Economy Surprises with 216,000 New Jobs in December, Fueling Speculation of Imminent Fed Rate Cut

In a surprising turn the U.S. economy has outperformed expectations by adding 216,000 jobs in December 2023, surpassing economists’ predictions of 170,000 and exceeding the revised figure of 173,000 from November, with the data supporting the market’s anticipation of interest rate cuts. According to data from the Bureau of Labor Statistics, the unemployment rate in […]