Nonfarm payrolls support Fed hold, focus shifts to inflation
On January 10, Gregory Faranello, head of U.S. interest rate trading and strategy at AmeriVet Securities, said it was a very solid report that supported market expectations that the Fed would skip this month's meeting or even more. It's also an important number at a time when two administrations are transitioning. The focus now turns to inflation. Higher inflation numbers and a strong job market will increase calls for a rate hike as a new administration takes office.
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