A stronger-than-expected December jobs report might curtail the Federal Reserve's plans for interest rate cuts later this year, experts say, as rising wages continue to be a source of inflationary pressure.
U.S. nonfarm payrolls expanded by 216,000 in December, easily topping economists' estimate for the creation of 175,000 jobs, the Bureau of Labor Statistics said Friday. Government, healthcare and social assistance were the areas adding the most new employees.
