Fed mouthpiece: Nonfarm payroll report supports keeping rates unchanged this month

ChainCatcher News, according to Golden Ten Data, "Fed mouthpiece" Nick Timiraos pointed out in his latest article that the December employment report provides ample reason for the Federal Reserve to maintain a wait-and-see attitude at this month's meeting. Nonfarm payrolls increased by only 50,000, and the three-month average of private sector employment dropped to 29,000, the second lowest growth rate of the year. Although the decline in the unemployment rate has eased concerns about a deteriorating labor market, the report has reinforced market expectations that the Federal Reserve will stand pat at its meeting on January 27-28.