January Jobs Recap Ammo for the Hawks

The strong January jobs report, featuring high payroll gains and a 4.3% unemployment rate, has prompted Natixis to push back its forecast for a Fed rate cut from March to later in the year.

Key Takeaways

• 1.January payroll gains far exceeded expectations, quelling fears of a rapidly softening labor market.
• 2.The unemployment rate dropped to 4.3% while labor force participation increased, indicating genuine labor market strength.
• 3.The strong report has led Natixis to remove their forecast for a March interest rate cut.

Table of Contents

• US MACRO SNAPSHOT
• January Jobs Recap: Ammo for the Hawks – cuts delayed, not cuts denied
• Disclaimer

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