U.S. non-farm data exceeded expectations, supporting the Federal Reserve's decision to slow down the pace of interest rate cuts

ChainCatcher news, according to Jinshi reports, the Financial Times commented on the non-farm data, stating that the U.S. created 256,000 jobs in December, exceeding expectations and supporting the case for the Federal Reserve to slow down the pace of interest rate cuts.

The U.S. Bureau of Labor Statistics released employment figures on Friday that surpassed the 160,000 expected by Reuters analysts and were also higher than the revised 212,000 for November. The unemployment rate was 4.1%, down from 4.2% in November. As the December employment data was released, a sell-off occurred in the global government bond market, partly due to increasing expectations that the Federal Reserve will only make modest interest rate cuts in 2025.