Bloomberg Businessweek Strong Jobs Report, Remembering Jimmy Carter
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Jan 10, 2025 
Michael McKee, Bloomberg News International Economics & Policy Correspondent, dives into the December jobs report, highlighting a resilient labor market and its implications for the economy. Former US Ambassador Stuart Eizenstat reflects on Jimmy Carter’s significant environmental and humanitarian legacy amid political strife. John Haar, Managing Director at Swan Bitcoin, shares insights on the crypto landscape, discussing potential nation-state and corporate adoption trends for 2025, revealing the complex interplay of innovation and regulation.
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Market Reaction to Jobs Report
- Markets reacted swiftly to strong jobs data, slashing bets on Fed rate cuts.
- Bond yields jumped as traders reassessed the likelihood of cuts.
Bond Market Struggles
- The bond market had a tough week, with long-dated bonds selling off the most.
- This is due to slashed rate cut bets and other forces hurting bonds.
Inaccurate Jobs Report Estimates
- Economists' estimates for the jobs report figure were inaccurate, except for Bloomberg's Anna Wong.
- It's hard to predict due to many moving parts and evolving labor market dynamics.
