Latest jobs report signals that interest rates are unlikely to drop anytime soon

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The latest jobs report showed that 353,000 jobs were added in January, exceeding expectations. This indicates that the U.S. economy remains strong. However, it also suggests that there is no rush for the Federal Reserve to cut interest rates. Fed Chair Jerome Powell stated that a rate cut in March is unlikely due to high inflation. Economists predict that a rate cut in May is also unlikely. The jobs report revealed some concerns, such as an acceleration in average hourly earnings without a corresponding change in hours worked. Despite these concerns, the consensus among analysts is that higher interest rates will persist for the time being.

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https://finance.yahoo.com/news/latest-jobs-report-signals-interest-184357993.html