© Reuters
US non-farm payrolls increased by 263,000 in November. Excess Economists expect an increase of 200,000. Analysts believe the numbers are still high and the Fed doesn’t have much room to slow its aggressive rate hikes.
This contrasts with statements made by Federal Reserve Chairman Jerome Powell at the Brookings Institution, where he said the Fed could slow the pace of rate hikes “as early as December.” That caused a sharp rise in risk assets. After the latest jobs report, market participants will be watching his Fed’s comments and decisions at his December 13th and December 14th Fed meetings.
