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What the surprisingly strong jobs report means for inflation and interest rates

U.S. employers hired far more workers than expected in January, a staggering flex of economic strength that refutes worries of a recession but could delay highly-anticipated interest rate cuts. The economy added 353,000 jobs last month while the unemployment rate held steady at 3.7%, a historically low figure, according to data released by the U.S. Bureau of Labor Statistics on Friday. "So much for imminent recession fears," Mark Hamrick, senior economic analyst at Bankrate, told ABC...
United States Jerome Powell Mark Hamrick Daniel Zhao Us Bureau Of Labor Statistics On Federal Reserve
Source: yahoo.com

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