ChainCatcher news, according to Golden Ten, “Federal Reserve mouthpiece” Nick Timiraos’ latest article points out that December’s employment report provides sufficient reasons for the Federal Reserve to maintain a wait-and-see stance at this month’s meeting. Non-farm employment increased by only 50,000 people, with the three-month average for private sector hiring falling to 29,000 people, which is the second-lowest growth rate for the year. Although the decline in unemployment rate has alleviated concerns about deterioration in the labor market, the report has solidified market expectations that the Federal Reserve will hold its position at the January 27-28 meeting.
