Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

Stunning Dec US payrolls soar helps longer Fed pause

(Reuters) – U.S. job development unexpectedly accelerated in December whereas the unemployment price fell to 4.1% from November’s 4.2% because the labor market ended 2024 on a stable footing, reinforcing the Federal Reserve’s cautious strategy to rate of interest cuts…