Wall Street debates "overheating" versus "cooling down," with the probability of the Federal Reserve holding rates steady in January surging

According to Odaily, U.S. labor data has provided Wall Street with ample arguments to support both the view that the economy is overheating and the argument that the economy is dangerously cooling down. Employment growth in December was lower than expected, and previous historical data was also revised downward. However, the decline in the unemployment rate exceeded expectations, and wage growth picked up. According to CME Group's FedWatch tool, these data have prompted investors to increase their bets that the Federal Reserve will keep interest rates unchanged, with the probability rising from 88% to 95%. (Golden Ten Data)