Non-farm data "bad but good" US stock futures rise, but not enough to prompt the Federal Reserve to act this month

Crypto界网消息，美国 stock index futures extended gains further after job growth in December slightly below expectations. Last month, US non-farm payrolls increased by 50,000, below the consensus market expectation of 73,000. The unemployment rate decreased from 4.5% in November (revised down) to 4.4%. B.Riley Wealth Chief Market Strategist Art Hogan noted in the report: “The core conclusion of today’s report is that, in the first timely employment report in three months, there is more good news than bad news.” The data also eased the Federal Reserve’s pressure to cut interest rates again later this month, although markets still expect rate cuts later this year. Jerry Templin, Vice President of Fixed Income Research at United Capital Management, stated that due to data disruptions caused by a prolonged government shutdown, today’s employment report provides economists with the most insightful glimpse into the labor market in three months. We are watching the elevated unemployment rate—which reached a four-year high in the November employment report—and how it might influence the Federal Reserve’s meeting at the end of the month. The soft labor market backdrop confirms the rate cut decision by the end of 2025 but does not trigger concerns sufficient to support further rate cuts this month.