Analyst: Non-farm data does not affect the Federal Reserve's decision to cut interest rates by 25bp at the next meeting

On December 6, Peter Cardillo, an analyst at Spartan Capital Securities, stated that the number of new jobs in November basically met market expectations. The increase of 36,000 jobs in October may have been affected by weather-related conditions. Wage growth was slightly higher than expected, but the annual rate remained stable. These are generally good figures, continuing to show that this year's non-farm employment averages between 205,000 and 210,000 people. This indicates that there are currently no signs of recession. This report will not affect the Federal Reserve's decision to cut interest rates by 25 basis points at its next meeting.