Société Générale: The decline in unemployment rate gives the Federal Reserve more reason to keep interest rates unchanged

According to Jin Ten, Subadra Rajappa, the head of U.S. interest rate strategy at Societe Generale, stated that the current focus is mainly on the unemployment rate, as the pace of job growth has been slowing down. The decline in the unemployment rate and the increase in wages provide stronger justification for the Federal Reserve to keep interest rates unchanged in January. The bond market reacted mildly to this, with no significant fluctuations.