December's jobs report came in hotter than expected with the US adding 216,000 jobs, defying predictions of a cooling labor market. The surprise strength of wages and hiring comes ahead of the Federal Reserve's interest rate cuts anticipated for 2024. Yahoo Finance's Jennifer Schonberger analyzes December's upside employment surprise, discussing the Fed's predicament as labor resilience challenges the disinflation narrative underpinning imminent rate relief. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith.
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