off-the-wire

Fed seen cutting policy rate just once in 2025 as job growth surges

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed seen cutting policy rate just once in 2025 as job growth surges teaser image

Jan 10 (Reuters) - Traders on Friday bet the Federal Reserve will wait until at least June to reduce its policy rate, and end its rate-cutting cycle there after government data showed employers added far more jobs than expected in December.

Traders before the monthly jobs report had seen the Fed cutting as early as May and saw about a 50% chance of a second rate cut before the end of the year.

Reporting by Ann Saphir

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