Fed Likely to Hold Rates Steady After Strong Jobs Report

New jobs data strengthens U.S. economy, delays Fed rate cutThe Federal Reserves December interest rate cut is now uncertain due to strong U.S. job growth in September. The latest jobs report showed employers continued to hire at a healthy pace, surprising many and likely ruling out a rate cut. The stronger-than-expected jobs data highlights ongoing U.S. economic resilience, but also keeps borrowing costs for homes and cars elevated, contributing to the feeling of high living costs among Americans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.