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Forecast-Beating Jobs Report Boosts Investor Bets on Bigger Fed Rate Hikes

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Forecast-Beating Jobs Report Boosts Investor Bets on Bigger Fed Rate Hikes
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Fed in Washington, D.C., on Sept. 21, 2022. Mandel Ngan/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Friday’s stronger-than-expected jobs report bolstered investor bets that the Federal Reserve would tighten monetary settings more aggressively to quash inflation by delivering a bigger rate hike at its next meeting and taking rates higher overall before hitting pause.

Government data released on Dec. 2 showed that the U.S. economy added 263,000 new jobs in November, compared to market forecasts of 200,000.
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Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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