According to ChainCatcher, Pepperstone's senior research strategist Michael Brown said in a report that the rise in the US unemployment rate should be enough to consolidate the Fed's reason for cutting interest rates by 25 basis points next week.
The US non-farm payrolls in November were 227,000, higher than the 214,000 expected by analysts surveyed by The Wall Street Journal, but the unemployment rate rose from 4.1% reported last Friday to 4.2%. If the Fed policymakers are concerned about Trump's early-term impediment to the decline in inflation, or potential upside inflation risks, they may be able to skip the rate hike in January. (Gold Ten)