Federal Reserve mouthpiece, non-farm payroll report supports maintaining interest rates this month

ChainCatcher News reports that, according to Jinshi, “Federal Reserve mouthpiece” Nick Timiraos’s latest article points out that the December employment report provides ample reason for the Federal Reserve to maintain a wait-and-see stance at this month’s meeting. Non-farm employment increased by only 50,000 jobs, and the three-month average of private sector employment fell to 29,000, the second-lowest growth rate of the year. Although the decline in the unemployment rate eased concerns about a deterioration in the labor market, the report solidified market expectations that the Federal Reserve will hold steady at the meeting scheduled for January 27 to 28.