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Fed seen sticking to December rate hike after jobs data
A stronger-than-expected October jobs report bolsters the case for further Federal Reserve interest-rate hikes that had lost some of its moxie amid the post-election swoon in US stocks and a mounting sense that AI-driven demand could screech to a halt. US employers added 165,000 jobs last month, more than twice what economists had expected, Bureau of Labor Statistics data showed on Friday, and the unemployment rate ticked down to 4.1%. Fed Chairman Kevin Warsh last month said that policymakers would be watching for “the accumulation of data” to help decide if more monetary policy tightening wo...
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