Strong December Jobs Report Dampens Rate Cut Hopes
U.S. employers added a stronger-than-expected 256,000 jobs in December, demonstrating continued labor market resilience that could delay anticipated Federal Reserve rate cuts.
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These companies have strong moats while being less obvious as AI stock picks.
U.S. employers added a stronger-than-expected 256,000 jobs in December, demonstrating continued labor market resilience that could delay anticipated Federal Reserve rate cuts.
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The PCE price index increased by 0.4% vs. an estimated 0.5% monthly. Likewise, core PCE price index increased by 0.1% vs. an estimated 0.2%.