CoinVoice has learned that according to Jin Ten reports, the Financial Times commented on the non-farm payroll data, stating that the United States created 256,000 jobs in December, exceeding expectations and supporting the rationale for the Federal Reserve to slow down the pace of interest rate cuts.

The employment figures released by the U.S. Bureau of Labor Statistics on Friday surpassed the 160,000 jobs expected by Reuters survey analysts, and were also higher than the revised 212,000 jobs in November. The unemployment rate stands at 4.1%, down from 4.2% in November. As December's employment data was released, there was a sell-off in the global government bond market, partly due to increasing expectations that the Federal Reserve will only make minor interest rate cuts in 2025. [Original link]