MNI US Employment Insight, Jan'25: Questioning Any 2025 Cuts

• The payrolls report for December was stronger than expected almost across the board.
• It has helped keep prospects of further rate cuts off the table for the immediate future, with Fed Futures pricing ~25bp of cuts for the year vs 40bp prior, aided by surprisingly swift increases in consumer inflation expectations in the U.Mich survey.
• A few analysts have also raised their rate path views, of note coming ahead of the week's PPI/CPI reports on Tue/Wed. 

Please find the full MNI US Employment Insight here: USEmploymentReportJan2025.pdf