Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal Reserve decision on January 29.

A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its first meeting of the year in January — or for the foreseeable future. "I think they are done here," Blake Gwinn,

The economy ended 2024 with a solid labor market and a better-than-expected reading for headline unemployment.