USA Jobs Data Surge Cools Jerome Powell's Rate Cut Hopes

#NewYork, #USA
USA economy added 130,000 non-farm jobs in January as the unemployment rate fell to 4.3 percent, doubling earlier forecasts.Robust labor data following a government shutdown led Jerome Powell and the Federal Reserve to reconsider the timing for interest rate cuts.Treasury yields climbed as Steve Cahillane announced a $600M Kraft Heinz investment while Exxon Mobil shares rose 3.3 percent.
Published:6h
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#JeromePowell#USA#SteveCahillane#Fed#ElisabetKopelman#KraftHeinz#BrianJacobsen#ExxonMobil#JayWoods#BradConger#EllenZentner#JohnMcNierney#MathiasRoberts#TomEssaye
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