INSIGHTS: Blowout U.S. Jobs Report. Cuts Delayed?

The recent job report for January 2024 showed a surprisingly positive outcome for the U.S. economy. Around 353,000 jobs were added, which is almost double what experts expected (180,000). This was the most significant increase in a year and is similar to January 2023, which also greatly surpassed expectations. The USD strengthened and AUD priced gold rose as the AUD dipped. But does this mean the Fed could hold off cutting rates?

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