Job growth in December exceeded expectations with nonfarm payrolls increasing by 256,000, up from 212,000 in November and surpassing the 155,000 forecast from the Dow Jones consensus, according to the Bureau of Labor Statistics. This strong job growth is likely to reduce the Federal Reserve’s motivation to cut interest rates this year, as the robust employment data indicates a healthy economy and may lead to a more cautious approach to monetary policy.
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US rejects UN two-state solution conference as ‘publicity stunt’ – Middle East Monitor
The US has dismissed an upcoming international conference on the two-state solution at the UN as “unproductive” and “ill-timed,” stating it undermines current diplomatic efforts and could prolong conflict while empowering Hamas. State Department spokeswoman Tammy Bruce criticized the conference and French President Macron's recognition of a Palestinian state, calling them counterproductive gestures amid a humanitarian crisis in Gaza where over 59,000 Palestinians have died since October 2023. Want More Context? 🔎
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