Weak US Jobs Report Forces Fed To Accelerate Rate Cuts
US employers added just 50,000 jobs in December, and with hiring momentum fading fast, the Federal Reserve now faces mounting pressure to accelerate interest-rate cuts at its next meeting rather than continue with cautious, incremental easing.
This is the warning from Nigel Green, CEO of global financial advisory giant deVere Group, as today's labor data transforms the rate debate.
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