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Fed Signals: Non-Farm Payroll Report Provides Ample Reason for Fed to Stay Put This Month
Summary: According to sources, the 'Fed Signals' Nick Timiraos wrote in a recent article: 'Tonight's December employment report provides ample reason for Fed officials to maintain a wait-and-see attitude at this month's meeting, with non-farm payrolls increasing by only 50,000, and the three-month average for private sector hiring dropping to 29,000, the second lowest growth rate ...
According to sources, the 'Fed Signals' Nick Timiraos wrote in a recent article: 'Tonight's December employment report provides ample reason for Fed officials to maintain a wait-and-see attitude at this month's meeting, with non-farm payrolls increasing by only 50,000, and the three-month average for private sector hiring dropping to 29,000, the second lowest growth rate of the year. This sluggish pace of job growth highlights the dynamic feature of the labor market in 2025 of 'slow hiring, slow firing.' However, the decline in the unemployment rate temporarily alleviates extreme concerns about labor market deterioration. It is these concerns that have led the Fed to cut rates in the past three meetings. The report solidifies market expectations that the Fed will stay put at the meeting on January 27-28, but the weak hiring data also ensure that the debate on the health of the labor market is far from over.'
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Link: Fed Signals: Non-Farm Payroll Report Provides Ample Reason for Fed to Stay Put This Month [Copy]
