Institutions: A weak labor market is now a consensus, but not enough to prompt the Fed to act this month.

PANews reported on January 9th that, according to Jinshi, Jerry Tempelman, Vice President of Fixed Income Research at Mutual Capital Management, stated that today's jobs report provides economists with the most insightful glimpse into the labor market in three months, due to data disruptions caused by the prolonged government shutdown. We are watching the high unemployment rate—which reached a four-year high in the November jobs report—and how it might affect the Federal Reserve's meeting at the end of the month. The weak labor market backdrop confirms the decision to cut rates at the end of 2025, but has not raised concerns sufficient to support further rate cuts this month.