investors weigh December jobs report
CNBC••general
Key Points:
- U.S. Treasury yields showed little change following the December jobs report, with the 10-year yield slightly below 4.18% and the 2-year note rising just over 3.5%.
- The December nonfarm payrolls indicated a softening labor market, with 50,000 jobs added—below expectations—but the unemployment rate fell to 4.4%, suggesting mixed economic signals.
- Federal Reserve rate cut expectations shifted slightly, with a 32% chance of two cuts by year-end, while the probability of an April cut decreased to 47%, reflecting cautious market sentiment.
- Analysts noted a cautious hiring environment, describing companies as slow to hire or fire, and viewed the jobs report as containing more positive elements than negative
