The pace of hiring in the U.S. continues apace, with the economy adding 216,000 jobs in December — significantly more than expected. At the same time however, the labor force participation rate dipped to its lowest in nearly a year. Against this backdrop, is the Fed still expected to cut rates in 2024? Join Michael Feroli, Chief U.S. Economist, and Samantha Azzarello, Head of Content Curation and Strategy, as they discuss the December payrolls report.
This episode was recoded on January 5, 2024.
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