U.S. Jobs Just Blew the Roof Off. Here’s Why Fed Still on Hold

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

A gangbusters November U.S. payroll report sent Treasury yields soaring but hasn’t erased bets the Federal Reserve will keep interest rates on hold through at least the first quarter of 2020. And that makes sense.