Job Growth Slows While Wages Stagnate, Fed Rate Cuts Loom As Labor Market Sends Mixed Signals
• Job growth slowed in recent months despite better-than-expected December report • Healthcare and government hiring has declined over past 3 months • Wage growth ticked up slightly but is still trending down over past year • Markets expect Fed to start cutting rates in March due to labor market slowdown • Path for future rate cuts remains uncertain due to mixed signals in job market