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

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.