Jobs rebound 'doesn't change the narrative' for Fed rate cut this month

Published On Dec 6, 2024, 9:27 AM

The recent jobs report indicated that the U.S. economy added 227,000 jobs in November, slightly above expectations. Despite this positive news, analysts believe it will not alter the Federal Reserve's plan to lower interest rates in December. The current job growth supports the idea that a rate cut may be implemented, but the pace of future cuts is expected to be more measured, particularly in light of persistent inflation concerns. The upcoming Consumer Price Index and Producer Price Index data will be crucial in determining the Fed's direction moving forward.