Dollar Soars To 27-Month Highs, 30-Year Yields Hit 5%, Stocks Tumble As Jobs Report, Oil Spike Darken Fed's Interest Rate Cut Hopes

Benzinga · Jan 10 22:18

The December jobs report jolted financial markets during early Friday trading. Stronger-than-expected employment growth and a drop in the unemployment rate to 4.1% raised fears the Federal Reserve may hold off on cutting interest rates for most of 2025.

December Jobs Report Fuels Fed Hawkishness: Dollar Soars, Yields Jump

The U.S. economy added 256,000 new jobs last month, marking an acceleration from the downwardly revised 212,000 jobs added in November and sharply outpacing economist forecasts of 160,000, as tracked by TradingEconomics.

The December reading represented the strongest monthly job growth since March 2024, underscoring the continued resilience of the U.S. economy despite...

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Dollar Soars To 27-Month Highs, 30-Year Yields Hit 5%, Stocks Tumble As Jobs Report, Oil Spike Darken Fed's Interest Rate Cut Hopes

December Jobs Report Fuels Fed Hawkishness: Dollar Soars, Yields Jump

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